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$50,000 (G.S. 44A-26). In place of the bonds, the contractor may deposit money, c~rtified check'_.:, or government .4ecuritio:3 (C. S. 143-129) . The performance bond and the laborers' and materialmen'n bond tWO d.[ffuront bonds. If mon~y, c~rtified checks, or government securities are used to untisfy both bond requirements, ,o~d amount equal to the full contr~ct amount must be del)osited for ~iAitl! bond. The bond requirements may be waived by the Board of County Commissioners for the purcl%ase of mnterials, equipment, or SuDDlies. If the official whose duty is to take the performance and payment bonds fails to do :3o, he or she shall bo guilty of a misdemeanor. The County Mnnager's office will keep a record of all bids .~ubmitted. Thi:; record is ~.~ubject to public inspection at [u~y time. At least two and preferably three informal bids should be obtained 1'or the purchase of equipment and supplies which are e:ztimated to co~t from $5,000 to ~'0,000, and for' construction or repair work which is estimated to cost from $5,000 to 950,000. The law does not state that the bids must be ill writing, but it do0s ~;tate that a record must be kept of such bids. Althou~]h verbal quotations ]~ay be obt~tinud nnd noted, the policy of the Couuty is to obtain written ~nd signed quotations whenever po~;~ible. It is th,3 duty of the County Mallagev's Office to obtain info,re,ti bid~: or to in=;uro that thiz function is performed, informal bids may be awarded by the County Manaqer if fund~ for the goods or services have been approved by the Board el: County Commissioner::. A department wl~ich wisho:; to obtain it~.: own informal bids mtu;t contact the County Maeaqcr b0foro the ruquests are sent to p~'oupoctivo bidders. Purchases of goods and services less than $5,000 tony be made without solici%ing form,'.~l or informal bids. A purchase or¢ler must be issued for any purchase with an aggregate value of 950.00 or more with the exception of those listed below and the ])re-audit certification must be signed by tho Finance Director. It however, County policy tb~t quotations are to be obtained for purchases ~[~der $5~000 whQnever possible i~ order to i~%:~re that tho County i~: purchasing all goo((s and si,trices at the lewes=