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EXHIBIT 2 <br /> NN o»^I:ill" NVE-11-drobcs <br /> Procurement Policy <br /> 1. Purpose <br /> The purpose of this Procurement Policy is to ensure that Working Wardrobes conducts <br /> procurement activities in a transparent, ethical, and cost-effective manner while supporting our <br /> mission of helping people overcome barriers to gainful employment. <br /> 2. Scope <br /> This policy applies to all purchases of goods and services made on behalf of Working <br /> Wardrobes, including those by employees, volunteers, and contractors. <br /> 3. Guiding Principles <br /> • Integrity: All procurement activities must be conducted with honesty and fairness. <br /> • Accountability: Staff must ensure that funds are spent responsibly and aligned with the <br /> organization's goals. <br /> • Cost-Effectiveness: Purchases should offer the best value for money without <br /> compromising quality. <br /> • Compliance: All procurement must adhere to applicable laws, regulations, and funding <br /> requirements. <br /> • Sustainability& Diversity: Consideration should be given to environmentally sustainable <br /> products and diverse suppliers, including small, minority-owned, and women-owned <br /> businesses. <br /> 4. Procurement Process <br /> 4.1 Purchase Authorization <br /> • Purchases up to $500 may be approved by department heads. <br /> • Purchases between $501 and $10,000 require approval from the Chief People and <br /> Operations Officer. <br /> • Purchases exceeding $10,000 require approval from the CEO. <br /> 4.2 Vendor Selection <br /> • For purchases under$5,000, a single quote is sufficient. <br /> • For purchases between $5,001 and $25,000, at least two written quotes should be <br /> obtained. <br /> • For purchases exceeding$25,000, a formal Request for Proposal (RFP) process should be <br /> conducted. <br />