Public Procurement/Purchasing is a management tool for acquiring goods and services; but also involves planning, meeting all statutory requirements, and ensuring fair and open competition. The procurement/purchasing function also involves administering contracts, dealing with vendors, scheduling inventory control, maintaining fixed asset records and assisting the using departments when there are problems with the contract.
Equally, or even more important, is gaining the public trust as custodian of their money, ensuring them that fair and open competition is being used.
The legal basis for procurement/purchasing in New Jersey, falls under the Local Public Contracts Law (N.J.S.A. 40A:11) and the Administrative Code (N.J.A.C. 5:30 & 5:34) are the main statutory and regulatory requirements for counties and municipal governments. In addition, the Purchasing Agent must work closely with other departments in the entity, including Finance and Clerk, and adhere to their statutory requirements.
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