[HISTORY: Adopted by the Town Board of the Town of Stockport 7-1-1992. Amendments noted where applicable.]
Investment policy — See Ch. 18.
Every prospective purchase of goods or services shall first be evaluated to determine the applicability of § 103 of the General Municipal Law. Every Town officer, board, department head or other personnel with the requisite purchasing authority (hereinafter referred to as the "purchaser") shall estimate the cumulative amount of the items of supply or equipment needed in any given fiscal year. That estimate shall include the canvass of other Town departments and past history to determine the likely yearly value of the commodity to be acquired.
All purchases of supplies or equipment which will exceed $10,000 in the fiscal year or public works contracts over $20,000 shall be formally bid in accordance with the provisions of § 103 of the General Municipal Law.
All estimated public works contracts of:
Less than $20,000 but greater than $10,000 shall require a written request for a proposal and a written/FAX proposal from three contractors.
Less than $10,000 but greater than $3,000 shall require a written request for a proposal and written/FAX proposals from two contractors.
Less than $3,000 shall be left to the discretion of the purchaser.
The lowest responsible proposal or quote shall be awarded the purchase or public works contract unless the purchaser prepares a written justification providing reasons why it is in the best interest of the Town and its taxpayers to make an award to other than the low bidder.
A good-faith effort shall be made to obtain the required number of proposals or quotations. If the purchaser is unable to obtain the required number of proposals or quotations, the purchaser shall document the attempt made at obtaining the proposals. In no event shall the inability to obtain the proposals or quotes be a bar to the procurement.
Except when directed by the Town Board, no solicitation of written proposals or quotations shall be required under the following circumstances:
This policy shall be reviewed annually by the Town Board at its organizational meeting or as soon thereafter as is reasonably practicable.