3 (1) These Regulations apply to all goods, service and construction contracts that are entered into by a contracting authority and that provide for the payment of any money by His Majesty, except
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6 Notwithstanding section 5, a contracting authority may enter into a contract without soliciting bids where
(b) the estimated expenditure does not exceed
(iv) in the case of any other contract to which these Regulations apply, $40,000;
2 In these Regulations,
