The Town of Preston is required by local ordinance to publically notice and receive sealed bids for all expenditures greater than $7,500.00. The requirement to receive bids is not required to contract for professional services, such as legal, accounting and engineering. The Town may satisfy the bidding requirement by purchasing product or services that have been competitively bid by another entity such as the State of Connecticut. The Board of Finance may waive the bidding requirements if they determine it is in the best interest of the Town to do so. The Town has the discretion to award any contract to other than the lowest bidder if it determines that it would be in the best interest of the Town.