Purchasing Procedures. All purchases of services or physical assets over $5,000 must include documentation of a good faith effort to secure the lowest possible cost for comparable goods or services. The Charter School Head of School shall not approve purchase orders or check requests lacking such documentation. Documentation shall be attached to all check and purchase order requests showing that at least three (3) vendors were contacted and such documentation shall be maintained for three (3) years. It will be disclosed to the District if any purchase is from a related party.
Appears in 3 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding