60.47 Public contracts and competitive bidding.
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/wi/chapter-60/60-47-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
60.47 Public contracts and competitive bidding.
(1)Definitions. In this section:
(a)“Public contract” means a contract for the construction, execution, repair, remodeling or improvement of any public work or building or for the furnishing of materials or supplies, with an estimated cost greater than $5,000.
(b)“Responsible bidder” means a person who, in the judgment of the town board, is financially responsible and has the capacity and competence to faithfully and responsibly comply with the terms of the public contract.
(2)Notice; advertisement for bids. Except as provided in subs.
(4)and
(5):
(a)No town may enter into a public contract with an estimated cost of more than $5,000 but not more than $25,000 unless the town board, or a town official or employee designated by the town board, gives a class 1 notice under ch. 985 before execution of that public contract.