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Get the free eCFR :: 2 CFR 200.320 -- Methods of procurement to be followed.

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SW/vs 11/07113 Item #10AN ORDINANCE20 13 1 1 0 7 0 7 4 0ACCEPTING THE LOWEST RESPONSIVE BID AND CONSTRUCTION CONTRACT, AWARDING A INCLUDING FOUR ADDITIVE ALTERNATES, IN AN AMOUNT UP TO $437,661.00
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eCFR 2 CFR 200.320 refers to the Electronic Code of Federal Regulations section that deals with the procurement standards for federal awards, outlining the procedures and requirements that organizations must follow when acquiring goods and services.
Organizations that receive federal funds or federal awards are required to comply with the procurement standards outlined in eCFR 2 CFR 200.320.
To comply with eCFR 2 CFR 200.320, organizations must develop written policies and procedures for procurement, ensure competition, and maintain proper documentation to demonstrate adherence to the procurement standards.
The purpose of eCFR 2 CFR 200.320 is to ensure that federal funds are used effectively and efficiently by establishing standards for procurement processes and promoting fair and open competition.
Organizations must report information related to their procurement policies, including how they ensure competition, documentation of procurement decisions, and any contract agreements made with vendors.
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