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contractor to whom the city awarded a contract, or to any • subcontractors, in the prosecution of the work provided for in such contract, and shall be conditioned upon the prompt payment for all such material or labor supplied in the prosecution of the work. "Labor or materials" shall include public utility services and reasonable rentals of equipment, but only for periods when the equipment rented is actually used at the site. (b) Each bond required by this section shall be executed by one (1) or more surety companies selected by the contractor which are legally authorized to do business in the state. (c) Bonds required by this section shall be payable to the city and filed with the city. (d) The purchasing agent shall have the discretion to require such performance or payment bonds on construction contracts of ten thensand--def�ars--{3�;OOENt)O) one hundred thousand dollars ($100.000.001 or less, prevtded (i) if notice of such requirement is included in the invitation to bid. and (ii) if the Citv's requirement of performance and payment bonds fed the-pnrehas3ng-agent-chaff-have-the-antherty;-aspen-the adv}ee-�f--ttfe-t�it�r--attorney;--te-�reive-metre-requit-ement-a--for • perfermenee-er-pay�neitt3xxx��xr�onsrrietiextearrfacta-�et*�een-ten thensand-e3o3�.�rs--E$f6-999-e9}-�ne��err�-f#vt-lltouseix}-def f ara (f) Nothing Nothing in this section shall preclude such a contractor from requiring each subcontractor to furnish a payment bond with surety thereon in the sum of the full amount of the subcontract conditioned upon the payment to all persons who have and fulfill contracts which are directly with the subcontractor for performing labor or furnishing materials as required by the subcontract. ARTICLE II. COMPETITIVE Sec. 22-52. Same - small purchases. The city manager may establish purchase procedures, adopted in writing, not requiring competitive sealed bids or competitive negotiation for single or term contracts not expected to exceed six thousand dollars ($6,000.00) in the case of goods and nonprofessional services, and ten thousand dollars ($10,000.00) in the case of construction and professional services. Such small purchase procedures shall provide for competition wherever practicable. Sec. 22-73. Bid bonds generally - Construction contracts. • (a) Except in cases of emergency, all bids or proposals for construction contracts in excess of taentp-f#ve-ff►orzsand-do-Hsra f$257e6e7e@j one hundred thousand dollars ($100.000.00 shall be 2