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use of an informal and streamlined bidding process for projects less that $100,000. The increase <br />is a reflection of increases in the construction trade that have impacted the previous limit of <br />$75,000. Staff does not anticipate this action affecting operations significantly since most public <br />works projects are substantially in excess of $100,000. The primary difference between the two <br />methods is that the informal method does not require the issuance of formal plans, specifications <br />and bid documents and provides that the contract may be approved by the City Manager. Formal <br />bidding requires the City Council to award the contract. <br /> <br />If the Council approves the introduction of this ordinance, it will be placed on the Council's <br />April 5 agenda for a second reading. Further, staff will amend the Manual to reflect the new <br />$100,000 limit. <br /> <br />FINANCIAL IMPACT <br /> <br />No significant fiscal impact is expected as a result of formalizing mostly existing purchasing <br />procedures. However, some staff time will likely be saved because the procedures will be better <br />defined and more accessible. In addition, some staff time savings may be realized by raising the <br />public works informal bid limit from $75,000 to $100,000. <br /> <br />Respectfully submitted, <br /> <br />Steven Bocian Susan Rossi Nelson Fialho <br />Deputy City Manager Director of Finance City Manager <br /> <br />Attachments <br /> <br />SR 05:071 <br />Page 4 <br /> <br /> <br />