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Public Work Projects: <br />Informal Quotes vs. Formal Competitive Bidding <br />Informal Quotes <br />•$60,000 - $200,000 <br />•Requires a least three (3) quotes <br />from qualified vendors <br />Formal Competitive Bidding <br />•Over $200,000 <br />•Detailed, written specifications <br />must be included in bid packets <br />•Public noticing published not <br />less than 7 days before sealed <br />bid opening <br />Page 6 City Council Work Session July 14, 2025