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C-19 - Cities and Towns Act
Section 477.4
Disposition versions
477.4. If a contract involves an expenditure of $100,000 or more, the municipality must establish an estimate of the price before any tenders are opened or the contract is entered into.
If a call for tenders contains a contract renewal option, the estimate of the price of the contract must include the renewal and any possible subsequent renewals.
Likewise, if a call for tenders contains an option to make an additional supply of the same goods or services, the estimate of the price of the contract must include the additional supply and any subsequent additional supply.
477.4. If a contract involves an expenditure of $100,000 or more, the municipality must establish an estimate of the price before any tenders are opened or the contract is entered into.
