The purpose of this Procurement Policy is to ensure that sound
business judgment is utilized in all procurement transactions and
that supplies, equipment, contracts, and services are obtained efficiently
and in compliance with applicable laws and to ensure that all procurement
transactions will be conducted in a manner that provides full and
open competition and prudent and economical use of public money. In
addition, this Procurement Policy seeks to ensure that the same sound
business judgment used for the purchase of personal property (i.e.,
supplies and equipment) is used for the evaluation of personal property
and/or assets with respect to its usefulness to the Town now or in
the foreseeable future and cost effective and efficient procedures
for disposition of the personal property and/or assets deemed no longer
of public use to the Town.