8.8
Issuance of Purchase Orders
8.8.1 Issuing Department Purchase Orders shall be issued by the College’s Purchasing Department. Purchases by any other means either orally or in writing are not authorized. Persons placing orders otherwise may be held financially responsible for such actions. “Confirming Purchase Orders” are not to be used as a matter of routine and are only to be used in urgent situations with the prior approval of the Purchasing Department, who will assign an emergency Purchase Order number. 8.8.2 Partial Purchase Orders The Purchasing Department may issue Partial Purchase Orders against a Master Purchase Order or Purchase Agreement. 8.8.3 Change Orders Change orders not exceeding 10 percent of the original award amount may be executed with approval of the President or his/her designee to accomplish an unplanned increase in the scope of work.
8.9 Special Requirements for Acquisition, Construction or Renovation of Real Property
8.9.1 Bid Bond All bids shall be accompanied by a bond with corporate surety in such amount as the Board of Trustees shall determine, but not less than ten percent (10%) of the amount bid. In the event any bidder shall, upon award of the contract to him, fail to comply with the requirements as to a bond guaranteeing the performance of the contract, such bid bond shall be forfeited. 8.9.2 Performance Bond The bidder to whom the contract is awarded shall furnish a bond to guarantee the performance of the contract. Such bond shall be with sufficient surety and in the amount of at least one hundred percent (100%) of the amount of the contract. Failure on the part of the contractor to furnish such bond shall void the previous award.
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