1. Except as otherwise provided by specific statute, if the estimated annual amount required to perform a contract is more than $50,000 but not more than $100,000, the governing body or its authorized representative:
(a) Shall solicit responses from two or more persons capable of performing the contract, if such persons are available; and
(b) May advertise the contract in the manner prescribed in NRS 332.045.
2. The governing body or its authorized representative shall award such a contract on the basis of price, taking into account the minimum requirements of a responding offeror prescribed in the solicitation pursuant to NRS 332.043 and the method prescribed in that solicitation for awarding the contract.