For purposes of this chapter, the following definitions shall
apply:
BEST VALUE
The basis for awarding certain purchase contracts to bidders
or offerors which optimizes quality, cost and efficiency, among responsive
and responsible bidders. Such basis shall reflect, wherever possible,
objective and quantifiable analysis. Such basis may also identify
a quantitative factor for bidders that are small businesses, and certified
minority- or women-owned business enterprises as defined in Subdivisions
1, 7, 15 and 20 of § 310 of the Executive Law to be used
in evaluation of offers for awarding of contracts for services.
This chapter shall apply only to purchase contracts, which includes
contracts for service work, but excludes any purchase contracts necessary
for the completion of a public works contract pursuant to Article
8 of the Labor Law.