718.3026 Contracts for products and
services; in writing; bids; exceptions.—Associations
with 10 or fewer units may opt out of the provisions of this section if
two-thirds of the unit owners vote to do so, which opt-out may be accomplished
by a proxy specifically setting forth the exception from this section.
(1) All contracts
as further described herein or any contract that is not to be fully performed
within 1 year after the making thereof, for the purchase, lease, or renting of
materials or equipment to be used by the association in accomplishing its
purposes under this chapter, and all contracts for the provision of services,
shall be in writing. If a
contract for the purchase, lease, or renting of materials or equipment, or for
the provision of services, requires payment by the association on behalf of any
condominium operated by the association in the aggregate that exceeds 5 percent
of the total annual budget of the association, including reserves, the
association shall obtain competitive bids for the materials, equipment, or
services. Nothing contained herein shall be construed to require the
association to accept the lowest bid.
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