Reminder: 2023 Bid and Quote Limits Set
The state Department of Labor & Industry published notice of the 2023 bid limits in the December 10, 2022 issue of the Pennsylvania Bulletin. On January 1, 2023, the minimum purchase amount that will require the advertisement for bids increased from $21,900 to $22,500. In addition, the minimum purchase amount for telephone quotes increased from $11,800 to $12,200. While the increase in the consumer price index was 8.2% for the 12-month period ending September 30, there is an annual cap of 3% on increases to these limits.