Sealed bids shall be sought when a good or service is anticipated to cost more than $10,000 either individually or in an aggregate of multiple purchases made over the course of one fiscal year. The bid shall be awarded to the lowest responsible bidder or any other bidder whom the Village Board deems to be in the best interest of the Village.
A formal bid process is not required if the purchase is for professional services (consulting, engineering, accounting, legal) over $10,000. These types of services lend themselves to the Request for Proposal process. The bid process is not required for purchases from a sole source provider or for emergency purchases. The bid process is also not required for types of work that do not lend itself to the formal competitive bid process.