In the event that bids exceed available funds and the lowest responsive and responsible bid does not exceed funds available by more than 5%, the Board may, where time or economic considerations preclude re-solicitation of work of a reduced scope, negotiate an adjustment of the bid price, including changes in the bid requirements, with the lowest responsive and responsible bidder, in order to bring the bid within the amount of available funds.
(Ord. 2020-04, passed 2-18-2020)