<p> Table of Local Public Contracts Law and Public School Contracts Law Contracting Thresholds </p><p>Public Bidding Thresholds under the Local Public Contracts Law and Public School Contracts Law PSCL as LPCL as of of N.J.S.A.40A:11-3(a) and (c); 18A:18A-3(a) and (c) January 1, January 2011 1, 2011 Bid threshold with a QPA* $36,000 $36,000</p><p>Quote Threshold with a QPA (15% of bid threshold) $5,400 $5,400</p><p>Bid Threshold without a QPA $17,500 $26,000</p><p>Quote threshold without a QPA (15% of bid threshold) $2,625 $3,900</p><p>• As of January 1, 2011, the previous “lower” bid threshold for LPCL contracting units without a QPA was eliminated and set at $17,500. This did not effect PSCL Boards of Education. • These bid and quote thresholds will be adjusted again on July 1, 2015. • Current thresholds are based on 2-year and 5-year bidding threshold calculations of the Department of the Treasury and reflected in Local Finance Notice 2011-1. The Treasury calculations include specialized purpose bid thresholds.</p><p>* Qualified Purchasing Agent (N.J.S.A. 40A:11-9(b) and N.J.A.C. 5:34-5.</p><p>Related Bid Thresholds* Statutory Old New Description Reference Threshold Threshold N.J.S.A 18A:39- School Districts, Boards of Education $16,200 $17,200 3 Transporting Pupils State, County, Municipal-Contracts for N.J.S.A 27:2-1 $16,200 $17,200 Work on Public Thoroughfares (paving) N.J.S.A. 27:16- County Road Improvements $16,200 $17,200 16 Local Government – Beach Erosion N.J.S.A. 40:68- Control Districts Waterfront $16,200 $17,200 48 Improvements *These bid thresholds are scheduled for change on July 1, 2011. Click here for the current Department of Treasury threshold document.</p><p>Prevailing Wage Thresholds Statutory Old New Description Reference Threshold Threshold Prevailing Wage Contracts for N.J.S.A. 34:11-56.25 Municipalities (five-year cycle ended in $11,892 $14,187 2009) Prevailing Wage Contracts for All N.J.S.A. 34:11-56.25 $2,000 $2,000 Other Contracting Units</p>