A. Sales or Purchases Allowed: The following sales or purchases may be made utilizing the open market procedure prescribed herein, without newspaper advertisement and without observing the procedures prescribed in this chapter for competitive bidding:
1. All Construction Projects for less than One Hundred Thousand Dollars ($100,000.00), as set forth in the Oklahoma Public Competitive Bidding Act;
2. All purchases of an Item of supplies, materials, equipment or contracts for Contractual Services having an estimated cost between One Thousand Dollars ($1,000) and Fifty Thousand Dollars ($50,000.00); and
3. All sales of property which has become obsolete and unusable that has an estimated individual minimal value of One Hundred Dollars ($100.00) and a maximum value of Ten Thousand Dollars ($10,000.00).
B. Open Market Procedure. Buyer shall obtain at least three (3) written price quotations from qualified suppliers/vendors. The purchase shall be made from the lowest and best price quotation or best value quotation. The Department Head shall keep a record of all open market orders and the written price quotations received for each open market purchase, and such records shall be open to public inspection at reasonable times.
Open Market Procedure may also be defined as contracting with an auctioneer or an auctioneering firm licensed by the State of Oklahoma for the purpose of auctioning supplies. (Ord. 807, 10-19-2021)