23 CAR § 372-301

23 CAR § 372-301. Generally

Length: 176 wordsOfficial source
(a) The Office of the Arkansas Lottery will generally conduct a competitive process for goods or services by issuing a solicitation document. (b) The office shall award contracts for goods or services by one (1) of the source selection methods in this section subject to the following exceptions: (1) Small procurements. (A) Any procurement of goods or services not exceeding five thousand dollars ($5,000) may be awarded without a competitive process. (B) All small procurements will be obtained according to Arkansas Code § 19-61-503; and (2) Intermediate procurements. (A) Any procurement of goods or services between five thousand dollars ($5,000) and seventy-five thousand dollars ($75,000) shall be governed by Arkansas Procurement Law, Arkansas Code § 19-61-101 et seq. (B) Contracts in which the purchase price exceeds five thousand dollars ($5,000) and is less than or equal to twenty-five thousand dollars ($25,000) may be awarded by either competitive bidding procedures or competitively sealed bidding procedures. (C) Any contract amount over twenty-five thousand dollars ($25,000) will be awarded by competitively sealed bidding procedures unless specifically exempt in statute.
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