8.1: Term
Subject to the limitations of this chapter, any type of contract which promotes the best interests of the Town may be used, with the exception of cost-plus-a-percentage-of-cost contract which is prohibited. A cost reimbursement, or a cost reimbursement-plus-a-fixed-fee, may be used when it is determined that such a contract would be less costly to the Town than any other type, or that it is impracticable to obtain the supplies, services, or construction required except under such a contract.
The Town’s best interest shall be served by contracts originated by using competitive prices obtained by: itemized unit measurement with cost, itemized project description breakdown with costs itemized, and lump sum project cost.