Section 15 AAC 154.715 - Purchasing practices and proceduresA grantee shall establish written uniform purchasing practices and procedures for the procurement of goods and services. The practices and procedures must be acceptable to the Corporation. Unless other purchasing requirements are made applicable by 15 AAC 154.705, the practices and procedures shall provide that:
(1) for purchases of non-expendable personal property with a value of $5,000 or more or for the award of a contract of $5,000 or more, the grantee will require three competitive price quotations from potential suppliers and complete a cost price analysis if practicable under the circumstances;(2) awards shall be made to the bidder or offeror whose bid or offer is responsive to the solicitation and is most advantageous to the grantee, price, quality and other relevant factors considered;(3) the grantee will retain written records of price quotations and cost price analysis in accordance with 15 AAC 154.730 and will include in the written records:(B) suppliers' names and addresses and a statement of the reason for soliciting less than three quotations if applicable;(C) the prices quoted; and(D) the basis for the award if other than price; and(4) the grantee will retain written justification and executive management approval for sole source purchases from supplier or contractor with a value of $5,000 or more.Eff. 6/11/96, Register 139; am 6/18/2008, Register 187Authority:AS 18.55.100
AS 18.56.088