The Commonwealth of Pennsylvania has recently announced that the bidding threshold limits for public procurement units will increase by 3.7%, effective January 1, 2024. The annual threshold adjustments are based on the inflation adjustment announced each year by the Consumer Price Index for All Urban Consumers.
The percentage change for the 12-month period ending September 30, 2023, is 3.7%. Therefore, the current bidding thresholds are as follows:
- Purchases and contracts below $12,600 require no formal bidding or written/telephonic quotations.
- Purchases and contracts between $12,600 and $23,200 require three written/telephonic quotations.
- Purchases and contracts over $23,200 require formal bidding.
