What is the contract value threshold for required purchasing authority delegation?

The threshold for required purchasing authority delegation is determined by specific guidelines that govern procurement practices within Texas state agencies. In this context, a contract value that is $100,000 or greater signifies the point at which agencies must obtain delegated purchasing authority to proceed with the contract. This requirement ensures that larger contracts are subject to more rigorous review and oversight, promoting fiscal responsibility and compliance with established regulations.

By having this threshold, it helps to mitigate risks associated with higher-value contracts, requiring additional scrutiny to safeguard public funds. Contracts below this threshold can typically be handled without the same level of formal delegation, allowing agencies more flexibility in managing smaller expenditures while still adhering to the necessary controls for larger amounts.