When the value of a DIR Cooperative Contract is less than $50K, what is required?

When the value of a DIR Cooperative Contract is less than $50K, the requirement is that there are no bidding requirements. This means that organizations can procure goods and services using this contract without needing to go through a formal bidding process.

The absence of bidding requirements for contracts below this threshold streamlines the purchasing process, making it easier and quicker for agencies to acquire necessary goods and services. This approach helps in reducing administrative burdens and allows agencies to respond more swiftly to their operational needs. Additionally, since DIR Cooperative Contracts already involve pre-established agreements with vetted vendors, it offers a level of assurance regarding price and quality without further competitive bidding.

In contrast, options that propose submitting price requests to multiple vendors or requiring a formal RFO submission would apply to situations that exceed the threshold or to different procurement methods that require formal competition.