(A) Unless provided elsewhere in this subchapter, all procurements, which shall exceed $10,000, shall be awarded by formal competitive, sealed bids or proposals. All procurements, which are less than $10,000 but exceed $1,499.99 shall be awarded by informal bids or proposals. To maximize the purchasing value of public funds, all procurements should be competitive where practicable and serve the best interest of the town. For small procurements, which are less than $1,500, competitive pricing when practicable is recommended. Good discretion shall be used by the appropriate, authorized personnel. In all cases, the procurement process shall afford fair and impartial consideration to all concerned.
(B) Nothing in this subchapter shall prohibit a higher level, more stringent procurement method being used if it is determined that the town’s best interest would be better served.
(Ord. 001-3, passed 3-1-2001)
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