What is required when soliciting bids between $5K and $25K according to procurement rules?

When soliciting bids for projects valued between $5,000 and $25,000, it is essential to adhere to state procurement rules, which typically require engaging multiple vendors to encourage competition and ensure the best value. Specifically, the requirement to solicit at least three vendors, with the stipulation that two of them must be Historically Underutilized Businesses (HUBs), promotes inclusivity and equitable opportunities for underrepresented businesses. This not only fosters diversity in procurement but also aligns with state policy efforts to support HUBs.

The other options do not accurately reflect the specific requirements for this range of bid solicitations. Soliciting exclusively through the Centralized Master Bidders List (CMBL) might not be necessary unless specified for certain types of announcements. Using a public notice is generally reserved for higher-value contracts or applicable legal requirements and does not pertain directly to bids in the $5K to $25K range. Lastly, requiring a purchasing authority letter is not typically an expectation for solicitations within this dollar threshold, making the engagement of multiple vendors a more pertinent requirement in this context.