ART - Cost Savings Tracking 2003

The document is a savings report from the Contracting and Procurement Department. It includes a list of various bids, quotes, and purchases made between April 2002 and February 2003, along with their respective amounts. The total savings for this period amount to $17,068.72. The report also includes a separate section for purchases made between July 30 and September 12, 2002, with a total savings of $22,231.07. The document provides a policy for submitting savings reports and defines savings as reductions in cost obtained through various means. The procedure for submitting savings reports is outlined, and it is mentioned that the reports are reviewed and approved by the Manager of Procurement before being forwarded to the Coordinator of Procurement and Contracting. The Coordinator then reports the approved savings reports to the Assistant Superintendent of Business Affairs on a monthly basis.