[Amended 8-19-2013]
All goods, equipment, materials, supplies and contractual services, the contract cost of which is estimated to be in excess of $10,000, shall be procured by the Town of Old Saybrook through the process of competitive bidding; when awarded by the responsible Town agency, such contract for procurement shall be awarded to the lowest responsible bidder as determined by said agency. The procedures for competitive bidding shall be as established by resolution of the Board of Selectmen. Such competitive bidding may include, when appropriate, public and private invitation to bid, and direct solicitation of price quotation from prospective suppliers. These contracts will require formal sealed bids to be opened in public at the time and place designated in the specifications. Nothing in this section shall prohibit the Town from purchasing items under state bids and/or contracts, and/or participation in regional purchasing councils who have used a sealed bid procedure.