Commission Meeting Agenda Item
Consideration of Approval of Revisions to the Town of Lady Lake’s Procurement Manual Regarding Purchasing Policies and Procedures
Staff Recommended Motion
Approval of the recommended revisions to the Procurement Manual regarding purchasing policies and procedures.
The auditor has recommended revisions to our Procurement Manual. Upon reviewing the policies, I found the numbers low compared to other municipalities. The revisions would change the following:
- Requirement for formal bid from $5,000 to $20,000.
- Requirement for three verbal quotes from $1,000 up to $10,000.
- Requirement for three written quotes from $10,001 to $19,999.
This revised manual also designates the Town Manager as Purchasing Manager rather than the Town Clerk.
Source of Funding