Pursuant to N.J.S.A. 52:15C-10(d), the Office of the State Comptroller, with consultation with the Department of the Treasury, has adjusted the threshold amounts for contracting units for procurement.
As of July 1, contracting units should notify the Office of the State Comptroller when contracts meet or exceed the following terms:
- For contracts involving consideration or an expenditure of more than $3 million, but less than $15.2 million, no later than 20 business days after the contract award.
- For contracts involving an expenditure of $15.2 million or more, at the earliest time practicable as the contracting unit commences the procurement process, but no later than the time the contracting unit commences preparation ofany bid specification or request for proposal; concession offering; proposal to purchase, sell, or lease real estate; or other related activities and contracts, but not less than 30 days prior to public advertisement or other public or private solicitation.
- For contracts issued pursuant to an emergency or public exigency involving consideration or an expenditure of more than $3 million, no later than 30 business days after the award of a contract.
Questions regarding this notice should be submitted to contracts@osc.nj.gov.
Contact: Erin Knoedler, Legislative Analyst, eknoedler@njlm.org, x116.