Title 07 Finance
Chapter 07.06 Procurement of Goods, Services and Works
Article I. General Provisions
Section 07.06.060 “Minor Contract” Defined
“Minor contract” means a:
- contract that involves a net revenue or expense (excluding sales tax and state filing fees) of thirty-five thousand dollars or less within a twelve-month period, and is of a routine nature, provided that the total expense (excluding sales tax and state filing fees) does not exceed a total of one hundred thousand dollars over the term of the contract (not including renewals); or
- housekeeping change or clarification to a contract that does not affect a material term or condition.
Effective the first of January of 2002 and the first of January of each year thereafter, the thirty-five thousand dollar limit shall be adjusted by an amount equal to one hundred percent of the average of the previous July - July U.S. All City Average (CPI-U and CPI-W). The newly determined amount shall be rounded to the nearest multiple of one hundred thousand dollars.
Effective the first of January of 2006 and the first of January of each year thereafter, the one hundred thousand dollar limit shall be adjusted by an amount equal to one hundred percent of the average of the previous July - July U.S. All City Average (CPI-U and CPI-W). The newly determined amount shall be rounded to the nearest multiple of one thousand dollars.
Date Passed: Monday, March 12, 2018
Effective Date: Saturday, April 21, 2018
ORD C35602 Section 2
