Common use of Contractor Procurement Requirements Clause in Contracts

Contractor Procurement Requirements. Contractor agrees to adhere to the following procurement procedures when obtaining any and all commodities and contractual services including, but not limited to, office supplies, training supplies, equipment, rental agreements, insurance, construction, maintenance, professional and consultant services, and all other goods and services needed to carry out the terms of this agreement. 7.2.a For procurement with an aggregate cost of five thousand ($5,000.00) dollars or less, Contractor shall secure three (3) written quotes, and shall lease the items based upon the lowest responsive quote received. Contractor shall submit such documentation when seeking reimbursement for this expenditure and shall maintain a record of the procurement and the receipt of payment of the goods or service. 7.2.b For procurement with an aggregate cost in excess of five thousand ($5,000.00) dollars, Contractor shall publicly advertise and secure three (3) written bids, and shall purchase the item(s) based upon the lowest responsive bid received. Contractor shall submit such documentation when seeking reimbursement for this expenditure and shall maintain a record of the procurement and the receipt of payment of the goods or services.