What is the first step in bidding a contract estimated to cost more than $50,000 under Chapter 30, 39M?

Preparing the invitation for bids is indeed the first step in the bidding process for contracts estimated to cost more than $50,000 under Chapter 30, 39M. This step is crucial as it establishes the framework for the entire procurement process. The invitation serves to inform potential bidders about the project, including details such as the scope of work, submission deadlines, evaluation criteria, and required qualifications.

This document not only communicates the specifics of what is required for the bid but also ensures transparency and fairness in the bidding procedure. By clearly outlining the terms and expectations, it encourages competitive bidding and helps to secure a range of responses from qualified suppliers or contractors. This foundational step is essential before moving on to receiving bids, awarding contracts, or publicizing contract awards, as those actions depend on the clarity and completeness of the invitation for bids.