A.
This article shall be known as the "Village of Menands Best Value Contract Award Law."
B.
The intent of this article is to authorize the use of best value criteria when awarding purchase contracts consistent with § 103 of the General Municipal Law and § 163 of the New York State Finance Law. Use of best value criteria is intended to provide the Village greater flexibility in awarding contracts and to ensure that the Village obtains the highest quality goods at a low cost. Awarding contracts on the basis of best value standards is further intended to promote competition, foster fairness among vendors and competitors, expedite contract awards, optimize quality, control costs and enhance efficiency among responsible bidders. This article authorizes the purchasing agent to award purchase contracts that have been procured pursuant to competitive bidding under General Municipal Law § 103 by either lowest responsible bidder or best value.