What is the amount for the bid threshold without a qualified purchasing agent?

The amount for the bid threshold without a qualified purchasing agent is $2,625. This threshold represents the maximum amount that a public entity may spend without requiring formal bidding procedures. When the cost of a project or purchase exceeds this threshold, municipalities are generally required to solicit formal bids to ensure that the process is competitive and provides transparency in how public funds are used. This practice helps to safeguard against wasteful spending and promotes accountability in public procurement.

The specific threshold of $2,625 has been established in New Jersey regulations to align with the need for municipalities and public agencies to maintain responsible financial practices, even in smaller transactions. Understanding this threshold is essential for public works managers to effectively navigate procurement processes and ensure compliance with state laws.