When condos and HOAs must get competitive bids

When condominium and homeowners associations want to enter into new contracts with vendors or professionals for various projects or duties, there is a misconception that the association must get at least three (3) competitive bids before hiring the vendor or professional. This is definitely not the case.  For condominiums, Section 718.302, Florida Statutes, provides that: “If a contract for the purchase, lease or renting of materials or equipment,…….Read the article…………….