Agenda Packets - 1983/10/10 - Laserfiche WebLink

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Purchasing Policy Page Two b) Purchases from $S;AAA-tn-$}A;AAA $10,000 to $15,000. If the amount of the purchase is estimated to exceed $57090 $10,000, but not to exceed $107099 $15,000, the purchase may he made either by advertisement and the receipt of sealed bids, or by obtaining two or more written quotations from suppliers at the discretion of the City Council. The purchase shall be awarded by the City Council. c) Purchases from $1,000 to $57909 $10,000. If the amount of the purchase is estimated to exceed $1,000, but not to exceed $57099 $10,000, the purchase may be made only after obtaining two or more written quota- tions from suppliers and the purchase shall be awarded by the City Council. d) Purchases from $500 to $1 000. If the amount of the purchase is estimated to exceed $500, but not to exceed $1,000, the purchase may be made only after obtaining two or more verbal quotations from suppliers and recording-them-on-a-form-to-be-aappifed-by-the-Finance department.- and recording them on paper and attaching/ same to the purchase order. ej Purchases under $500. If the amount of the purchase is estimated to be under $500, quotations are not required but are encouraged. 2.02 FORMAL BIDS All purchases which require advertisement and the receipt of sealed bids shall be awarded by the City Council. 2.03 STATEMENT OF GENERAL CONDITIONS A statement of "General Conditions", as approved by the City Council, may be included ;rith all specifications sub- mitted to suppliers for their bids. These general con- ditions may be incorporated in all contracts awarded for the purchase of supplies, equipment, or services. 2.04 COMPLIANCE WITH LEGAL PROVISIONS The purchasing procedures employed shall comply with all applicable laws and regulations of the State and of the City of Mounds View. 4