(A) The local business preference provided in this subchapter applies to contracts estimated to be equal to or more than the threshold amount established in KRS 67C.119 annually at the time of invitation for bid.
(B) If the bid received complies with the requirements of this subchapter, then the bid price quoted by each bidder or RFP respondent shall be reduced by 5% for the purposes of determining the lowest bid price, or alternatively, five points shall be added to the evaluated bid total. All proposals of a bidder or RFP respondent shall be evaluated or recognized and scored according to the specifications as noted in the solicitation.
(C) For purposes of determining the amount of the preference to apply to the lowest bid price, or alternatively the evaluated bid total, this subchapter shall be combined or accumulated with any other preference, which is in or shall take effect on or after the effective date of this subchapter.
(1994 Jeff. Code, § 37.02) (Jeff. Ord. 5-1991, adopted and effective 2-26-1991; Jeff. Am. Ord. 14-1998, adopted and effective 6-9-1998; Lou. Metro Am. Ord. No. 233-2003, approved 12-19-2003; Lou. Metro Am. Ord. No. 216-2012, approved 12-10-2012)