KCDC Procurement Policy 2016 Revision 121916.docx

The document provides a comprehensive overview of the Statement of Procurement Policy for Knoxville's Community Development Corporation (KCDC). It covers guidelines for fair purchasing practices, efficient procurement procedures, promotion of competition, and adherence to federal standards, HUD regulations, and state and local laws. The policy addresses procurement authority, administration, methods, competitive and noncompetitive proposals, cost and price analysis, specific requirements for professional services contracts, bid opening, award processes, mistakes in bids, bonds, and reverse auctions. It emphasizes the importance of written justifications, annual planning, public notice for procurements, independent cost estimates, contract award criteria, financial safeguards, life cycle costing techniques, and energy efficiency standards in purchase decisions. Approval from the Board of Commissioners is required, with procurement authority delegated to the CEO for ensuring policy compliance.