MO HB2050

Raises competitive bidding thresholds from $3,000 to $10,000 and from $25,000 to $100,000, adjusted annually for inflation based on August 28, 2013 dollar values.

Allows "best value" as alternative to "lowest and best" bid evaluation criteria, with specific factors including operational costs, quality, delivery reliability, financial stability, and past performance.

Requires fleet manager to develop statewide vehicle fleet cost efficiency plan including goals, cost measures, reduction strategies, and requires each agency to submit its own vehicle fleet efficiency plan.

Establishes reverse auction procurement method for highly standardized commodities with visible pricing, applicable when selection depends solely on price and availability from qualified competitors.

Requires all contract awards to be made at specified public times and places, and adds transparency requirements for contingency fee attorney contracts, including website posting and annual reporting.