[HISTORY: Adopted by the Board of Trustees
of the Village of Waterloo as indicated in article histories. Amendments
noted where applicable.]
[The Procurement Policy is on file and available for inspection
in the Village offices. The Procurement Policy is approved annually
at the Village Board Organizational Meeting.]
[Adopted 8-11-2014 by L.L. No. 1-2014]
The Village of Waterloo hereby authorizes the use of the best
value standards as part of Village of Waterloo procurement policies.
"Best value" is defined in New York State Finance Law § 163.
When awarding contracts under the best value standard, the Village
of Waterloo must consider the overall combination of quality, price,
and other elements of the required commodity or services that in total
are optimal relative to the needs of the Village of Waterloo. Use
of the best value standard must rely, wherever possible, on objective
and quantifiable analysis. The best value standard may identify as
a quantitative factor whether offerors are small business or certified
minority- or women-owned business enterprises as defined in New York
Executive Law § 310. The best value standard may only be
used for purchase contracts, which includes contracts for service
work, but excludes any purchase contracts necessary for the completion
of a public works contract pursuant to Article 8 of the New York State
Labor Law.
