Glossary
Competitive bid threshold
The spend level above which a statute or a policy requires competitive bids. Below it a board can still choose to run one, and most well run boards do.
Jurisdiction record
What it is called where you are
Ontario
- No statutory threshold; the corporation's own policy bands apply.
Florida
- 5 percent of the annual budget including reserves for condominiums under section 718.3026, and 10 percent for HOAs under section 720.3055, with a minimum of two bids.
Product record
Where this shows up in Board Butler
Every term, both jurisdictions
The glossary carries the whole vocabulary a condo or HOA board runs into, with the Ontario and Florida words side by side.