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.