MO HB205

Raises competitive bidding thresholds from $3,000 to $10,000 for general purchases and from $25,000 to $100,000 for purchases requiring newspaper advertisement, with annual inflation adjustments based on August 28, 2014 dollar values

Requires the state vehicle fleet manager to develop a statewide vehicle fleet cost efficiency plan that includes goals for reducing costs, standard measures like cost per mile and fuel usage, and requires each agency owning or leasing vehicles to submit their own efficiency plans

Adds "best value" as an alternative evaluation criterion for state contracts alongside "lowest and best" bidding, allowing consideration of factors like operational costs, quality, reliability, warranties, and past performance

Authorizes the commissioner of administration to hold reverse auctions for purchasing large quantities of highly standardized commodities where selection depends solely on price

Allows the commissioner of administration to procure blanket bonds or crime insurance policies instead of individual surety bonds for state officers and employees, with costs paid from the state legal expense fund