MS HB714

Raises the threshold for purchases that can be made without competitive bidding from $5,000 to $15,000, exclusive of freight or shipping charges

Increases the range for purchases requiring at least two competitive written bids (without published advertisement) to between $15,000 and $75,000, up from the previous $5,000 to $75,000 range

Requires construction bid items exceeding $15,000 to be broken down by components with detailed descriptions and pricing

Amends Mississippi Code Sections 31-7-13, 31-3-1, 31-5-37, and 31-5-51 to conform purchasing thresholds across related statutes

Applies to all Mississippi state agencies and governing authorities for commodities, printing, construction contracts, and rentals