(A) The Mayor shall prepare rules and regulations for the letting of contracts for construction and repair work which is to be done for the village under contract, and for the purchase or rental by the village of apparatus, supplies, materials and equipment; provided that, no contract for construction or repair work or for the purchase or rental of apparatus, supplies, materials or equipment involving the expenditure of public money in the amount of $500 or more, but less than $2,500, shall be made until after informal bids have been secured; and, provided further that, all such contracts shall be awarded to the lowest responsible bidder, taking into consideration quality, performance and the time specified in the bids for the performance of the contract; and, provided further that, such rules and regulations, as they apply to contracts or purchases amounting to $2,000 or more, shall be consistent with the provisions of G.S. § 143-129.
(B) Rules and regulations made pursuant to division (A) above, when approved by resolution of the Village Council and promulgated by the Village Council, shall have the force and effect of an ordinance.
(C) It shall be the duty of each village officer entering into a contract pursuant to the rules and regulations of the Village Council to keep a record of all bids submitted, and such record shall be subject to public inspection during all regular office hours.
(Prior Code, § 2-6)