(b) The office shall award contracts for goods or services by one (1) of the source selection methods in this section subject to the following exceptions:

1. (1) Small procurements.

   1. (A) Any procurement of goods or services not exceeding five thousand dollars ($5,000) may be awarded without a competitive process.
   2. (B) All small procurements will be obtained according to Arkansas Code § 19-11-231; and

2. (2) Intermediate procurements.

   1. (A) Any procurement of goods or services between five thousand dollars ($5,000) and seventy-five thousand dollars ($75,000) shall be governed by Arkansas Procurement Law, Arkansas Code § 19-11-201 et seq.
   2. (B) Contracts in which the purchase price exceeds five thousand dollars ($5,000) and is less than or equal to twenty-five thousand dollars ($25,000) may be awarded by either competitive bidding procedures or competitively sealed bidding procedures.
   3. (C) Any contract amount over twenty-five thousand dollars ($25,000) will be awarded by competitively sealed bidding procedures unless specifically exempt in statute.