Public contracts: competitive bidding: best value.

Existing law requires the Regents of the University of California, except as provided, to let all contracts involving an expenditure of more than $100,000 annually for goods and materials or services to the lowest responsible bidder meeting certain specifications, or to reject all bids. Existing law requires the governing board of any community college district to let specified contracts involving an expenditure of more than $50,000 to the lowest responsible bidder meeting certain specifications, or else to reject all bids. This bill would provide that bid evaluation and selection for these contracts may include competitive means for obtaining best value while complying with the legislative intent of the above requirements.