§ 121-1. Purpose and intent.

New York General Municipal Law § 103 requires competitive bidding for purchase contracts and public works contracts and has historically required that such bids be awarded to the lowest responsible bidder whose bid meets the requirements of the specifications for the project. This section was amended to provide that, through enactment of a local law so providing, the Village may award purchase contracts and public works contracts on the basis of best value, as defined in the New York State Finance Law § 163, to a responsive and responsible bidder or offeror. The Board of Trustees hereby determines that it is in the best interest of the Village and its residents for the Board of Trustees to have the authority to award purchase contracts and public works contract on the basis of best value. This best value option may be, but is not required to be, used to award an applicable purchase contract and public works contract to optimize equality, cost and efficiency among responsive and responsible offerors instead of the lowest responsible bidder.