What is the required action for purchase orders or contracts valued at $25,000 or more?

For purchase orders or contracts valued at $25,000 or more, the required action is to post them on the Electronic State Business Daily (ESBD) and solicit formal bids from eligible vendors. This action complies with public procurement regulations which mandate that government entities ensure fair competition and transparency in the procurement process.

Posting on the ESBD allows for the widest possible advertisement of the opportunity, enabling qualified vendors to submit their bids. This not only helps in achieving the best value for the government but also ensures that the procurement process is open and fair, aligning with the principles of accountability and integrity in public spending.

The requirement for soliciting formal bids is crucial as it promotes competitive pricing and encourages participation from various vendors, which can lead to improved services and products for the entity involved. By following this procedure, the entity protects itself from potential legal challenges that can arise from non-compliance with procurement laws.