3.20.170: COST-PLUS-A-PERCENTAGE-OF-COST PROFITS CONTRACTS:
Subject to the limitations of this section, any type of contract which will promote the best interests of the City may be used; provided, that the use of a cost-plus-a-percentage-of-cost profit contract is prohibited unless specifically approved by the City Council under special circumstances which clearly justify the use of such contracts because the scope of work or the nature of the work is to be closely supervised by the City and the City Council so finds in writing. A cost-reimbursement contract may be used only when a determination is made in writing that such contract is likely to be less costly to the City than any other type or that it is impracticable to obtain the supplies, services, or construction required except under such a contract. (Ord. 2018-10)