§ 2-201. Definitions.

Except as otherwise provided by statute, the following terms shall have the following meanings when used in connection with purchasing, unless the context in which a term is used clearly indicates another meaning, to wit:

Bidder means a person that submits an offer to a governmental body.

Capital expenditure means money spent for purchasing, replacing or improving business facilities, vehicles or equipment, but does not include money spent for operating expenses.

Fiscal body means the Versailles Town Council.

Invitation for bids means all documents, whether attached or incorporated by reference, used for soliciting bids. (IC 5-22-2-14)

Offer means a response to a solicitation. It includes bid, proposal and quote. (IC 5-22-2-17)

Public funds.

(1)

The term "public funds" means money:

a.

Derived from the revenue sources of the governmental body; and

b.

Deposited into the general or a special fund of the governmental body.

(2)

It does not include either:

a.

Money received by any person managing or operating a public facility under an authorized operating agreement under IC 5-23; or

b.

Proceeds of bonds payable exclusively by a private entity. (IC 5-22-2-23)

Purchase includes buy, procure, rent, lease, or otherwise acquire. (IC 5-22-2-24)

Purchasing agency means the Versailles Town Council.

Purchasing agent means an individual authorized by a purchasing agency to act as an agent for the purchasing agency in the administration of the duties of the agency. (IC 5-22-2-26)

Request for proposals or RFP means all documents, whether attached or incorporated by reference, used for soliciting proposals. (IC 5-22-2-28)

Services means the furnishing of labor, time or effort by a person, not involving the delivery of specific supplies other than printed documents or other items that are merely incidental to the required performance. (IC 5-22-2-30)

Solicitation means the procedure by which a governmental body invites persons to submit an offer to enter into a contract with the governmental body for the purchase or sale of supplies by the governmental body. It includes an invitation to bid, a request for proposal and a request for quotes. (IC 5-22-2-32)

Supplies as defined by IC 5-22-2-38, means any property except real property, and includes equipment, goods and materials, unless any of those items are specifically excluded when the term "supplies" is used.