Bid Threshold Increased to $39,400

After consulting with the Governor, the Treasurer exercised the statutory authority pursuant to N.J.S.A. 52:34-7 to adjust the bid thresholds for awarding a contract without advertising, in which the University’s bid threshold has been increased from $35,500 to $39,400. The University is further increasing its 3 quote threshold from $7,000 to $7,800 due to the increased bid threshold and the BRC threshold has been increased from $5,325 to $5,910. Please refer to https://www.montclair.edu/procurement/ for the updated bidding dollar thresholds.