[HISTORY: Adopted by the Board of Trustees of the Village of Newark 1-21-2014 by L.L. No. 1-2014. Amendments noted where applicable.]
The Village Board of the Village of Newark hereby enacts the following chapter pursuant to General Municipal Law § 103, Subdivision 1, and all other applicable laws.
A. 
The Village of Newark hereby authorizes the use of the best value standard as part of the Village of Newark's procurement policies.
B. 
"Best values" defined in New York State Finance Law § 163. When awarding contracts under the best value standard, the Village must consider the overall combination of quality, price, and other elements of the required commodity or service that in total are optimal relative to the needs of the Village. Use of the best value standard may identify as a quantitative factor whether offerers are small businesses or certified minority or women owned business enterprises as defined in New York Executive Law § 310. The best value standard may only be used for purchase contracts, which included contracts for service work, but excluded any purchase contracts necessary for the completion of a public works contract pursuant to Article 8 of the Labor Law.
The Village of Newark shall update its procurement policy in accordance with the provisions of this chapter.
This chapter shall take effect immediately upon filing with the Secretary of State in accordance with § 27 of the Municipal Home Rule Law.