108Procurement Policy

108 Procurement Policy (1) A Council must prepare and adopt a Procurement Policy which specifies the principles, processes and procedures applying in respect of the purchase of goods and services by the Council, including for the carrying out of works. (2) A Procurement Policy must seek to promote open and fair competition and provide value for money. (3) A Procurement Policy must include the following— (a) the contract value above which the Council must invite a tender or seek an expression of interest; (b) a description of the criteria to be used by the Council to evaluate whether a proposed contract provides value for money; (c) a description of how the Council will seek collaboration with other Councils and public bodies in the procurement of goods or services; (d) the conditions under which the Council may purchase goods or services without inviting a public tender or expression of interest; (e) a description of the process to be undertaken in inviting a public tender or expression of interest; (4) The contract value to be included in a Procurement Policy in accordance with subsection (3)(a) must not exceed the value prescribed by the regulations for the purposes of this section. (5) A Council must review its Procurement Policy at least once during each 4 year term of the Council. (6) A Council must adopt the first Procurement Policy under this section within 6 months of the commencement of this section. (7) Until a Council adopts a Procurement Policy under this section— (a) the procurement policy approved by the Council under section 186A of the **Local Government Act 1989** which is in effect before the commencement of this section applies as if the procurement policy had been adopted under this section; and (b) the restrictions on the power of a Council to enter into a contract under sections 186 and 186A of the **Local Government Act 1989** as in force before the commencement of this section continue to apply as if those sections had not been repealed.