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~c} Contracts $10,000 to $50,000. A]1 contracts for an amount <br />which is valued $I0,000 or more but less than $50,000 shall be <br />based on formal quotations unless in the discretion of the purchas- <br />ing agent the nature of the proposed contract requires formal bids. <br />Unless the purchasing agent determines that mai]ed invitations wi11 <br />notify a sufficiently large number of potential bidders to insure <br />sufficient competition to meet the interests of the city ar that an <br />invitation published in a trade journal will give better notice to <br />potential bidders, the solicitation of formal quotations shall be <br />published at least once in a newspaper of general circulation in <br />the Eugene area. <br />~d} Contracts over $50,000. All contracts for $50,000 value <br />or more shall be based an formal bids. The solicitation for bids <br />shall be published at least once in a newspaper of general circula- <br />tion in the Eugene area and if the proposed contract is for a <br />public improvement, the solicitation shall also be published in a <br />trade newspaper of general state-wide circulation. <br />The purchasing agent shall avoid purchasing practices which segregate a <br />public contract ~nta contracts of lesser amounts for the sole purpose of <br />avoiding the regulations of this subsection. <br />~3} The council may exempt from competitive bidding a certain <br />public contract after considering: <br />~a} The nature of the project; <br />fib} The estimated cost of the project; <br />~c} The cost savings anticipated by the exemption and the <br />reasons competitive bidding would be inappropriate; <br />~d} Proposed alternative contracting and purchasing practices <br />to be employed; and <br />fie} The estimated date by which it would be necessary to let <br />the contract; <br />and after determining that granting the exemption is unlikely to encoura e <br />favoritism or subst g <br />ant~ally dim~n~sh competition for public contracts and <br />will result in substantial cost savings to the city. <br />~4}, ~a} As used in this subsection: "advertised" means any public <br />notice reasonably calculated to inform the prospective purchasers <br />most likely to pay the highest price; and a "liquidation sale" <br />occurs when the purchasing agent establishes a fixed sale price and <br />terms far each item based on current market value, when the item <br />is sold to the first qualified buyer meeting the sale terms, and <br />when the personal property is displayed at a retail business open <br />to the public during retail shopping hours or at a location which <br />has been advertised as the place of the liquidation sale. <br />fib} when it is declared surplus by the purchasing agent, all <br />personal property which the city has acquired shall be: <br />1. Traded in on the purchase of replacement equipment <br />or goads; <br />2. Sold to highest bidder at an advertised public auc- <br />tion or after an advertised call for bid; <br />3. Sold at liquidation sale if the price of each item <br />is $2,500 or less; or <br />4. In default of bids from others, sold at private sale <br />without further advertising or taking of bids. <br />The purchasing agent shall select the method of disposa] which maximizes the <br />Ordinance - 5 <br />