Procurement Standards. The DEVELOPER shall establish procurement procedures to ensure that materials and services are obtained in a cost-effective manner. When procuring for services to be provided under this agreement, the DEVELOPER shall comply at a minimum with the nonprofit procurement standards at 24 CFR 84.40 – 24 CFR 84.48. In addition, the following requirements are imposed on any procurement under this PROJECT: 1) Under $1,000 – determined by DEVELOPER; 2) $1,000 - $15,000 – at least three (3) written estimates are required; 3) Over $15,000 – at least three (3) competitively sealed bids from contractors/ suppliers. It is not acceptable to divide or split quantities to be purchased with the intent of evading or circumventing the bidding requirements. In addition, it is understood that any DEVELOPER that can be considered to be a religious organization shall abide by all portions of 24 CFR 92.257 for Faith-based activities.
Appears in 7 contracts
Samples: Chdo Homebuyer New Construction Program Agreement, Chdo Homebuyer New Construction Program Agreement, Chdo Homebuyer New Construction Program Agreement
