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$50,000 (G.S. 44A-26). In place of the bonds, tile contractor may deponit money, certified checks, or government securitie:] (G. S. 143-129). The performance bond and the laborers' and materialmen'n bond are two different bonds, if money, certified checks, or government securitio,s are u~ed to s,ttisfy both boric! requirements, ~,nd amounu equal to the full contract amount must bo deposited ;;or 3':~.C3! bond. The bond roqu!remonts may bo waived by tho. Board of County Commissioners for tho purchase o( m~tcriais, equi])mon~, or suppl If the offici~nl whose duty is to take the performance and payment bonds fails to do .~o, ho or she nball bo gu{..Lty of ~ misdemeanor. The County Manager's Office will keep .n record of. all bids :submitted. 'l'bi.~; re¢'ord is subject to public inspection at any time. At least two and preferably three informal bids nhould be obtained for the purcha.~ze of equipment and supplies which are e~timated to co~]t l'ro~l $5,000 to ~,20,000, afl(( rot coni;~rtlctio~l or rt~pair work whLch is estimated to cost from $5,000 to ')b0,000. Th~ law not state that the bids must ]30 1~1 writing, but it does ~:t~]to that a record must be kept of such bids. Although verbal quotations may be obtained and note~[, the policy of the County .t:; to obtaD~n written and sigr]ed quotations wben.2ver pousiblc. It is the duty of the Councy M,inageF'g; Office to obtain inform.%l bids or to that thim function is pc~rformed. Informal bids may be awarded by tho County Manager if funds; for the goods or servlceo have been approved by the ]~oard of County Commis~;.Loner:;. A deparcmen~ which wi~%hos to obtain it(: own informal bid~] mu~:t contact the County M~naour before tho ;-('qtloi:ts are sent to pr'o:q)ootive bidders. Purchases of goods and services less than $5.000 may be made without soliciting form~l or inform~.ll bids. A purchase or¢l~.r mu~;t be i.~;sued for any purchase with an aggregate value of Sb0.00 or more with tile exception of tbose listed below and the ])re-audit certification must be signed by the Fina~%co Director. It i~:, bowever, County policy that quotations are to be obtained fo)' purcba~:es under $5,000 whenever possible .in order to ln~uro that the County ir: purchasing ail goodn ,~l%d st'rvicc.:: at; the