(A) Purchases less than $25,000. The purchasing agent may not require evidence of financial responsibility when the estimated cost of purchase is less than $25,000.
(B) Purchases between $25,000 and $100,000. The solicitation may include a requirement that an offeror provide evidence of financial responsibility. If evidence of financial responsibility is required, the solicitation must indicate the kind of evidence that will be acceptable. If a bond or certified check is required, it may not exceed 10% of the estimated cost of the purchase.
(C) Purchases over $100,000.
(1) The solicitation shall include a requirement that an offeror provide evidence of financial responsibility and must indicate the kind of evidence that will be acceptable.
(2) If a bond or certified check is required, it may not exceed 10% of the estimated cost of the purchase.
(D) Small business set-asides. The purchasing agent may determine that no evidence of financial responsibility shall be required for a small business set-aside purchase.
(2013 Code, Title II, Ch. 32, § 4) (Ord. I-F-1-a(6), passed 6-22-1998; Ord. I-F-1-a(8), passed 6-8-1998)