City of Hollywood Annual Threshold.pdf

The document outlines the acquisition methods and approval requirements based on the annual threshold for purchases. For purchases up to $5,000, one written quotation is required and forwarded to Procurement Services. Payment methods include P-card (up to $1,000), BPO, Purchase Order, and Direct Payment Voucher. For purchases over $5,000 to $15,000, three written quotations are needed. The procurement specialist or contracts officer is involved in approving purchases within different thresholds. For purchases over $50,000, a formal competitive solicitation is required and forwarded to Procurement Services, with approval from the City Commission.