Legal Documents of Newport

The purchasing agent shall have the authority to make purchases, leases, and lease-purchases of less than five thousand dollars ($5,000.00) singly or in the aggregate during any fiscal year and except as otherwise provided herein, shall require three (3) competitive bids or quotations, either verbal or written, whenever possible prior to each purchase. All competitive bids and quotations received shall be recorded and maintained in the office of the purchasing agent for a minimum of seven (7) years after contract expires. When requisitions are required, the competitive bids and quotations received shall be listed on that document prior to the issuance of the purchase order. Awards shall be made to the lowest and best bid or "quote." (Ord. #07-19-05-01, July 2005)