Arkansas Code Annotated (19-11-801 et seq. establishes the policy of the State of Arkansas and the political subdivisions that contracts for certain professional services be negotiated on the basis of demonstrated competence and qualifications, at a fair and reasonable price, and prohibits the use of competitive bidding for the procurement of such professional services. The act specifies a procedure whereby the political subdivision (City) receives statements of qualifications once a year or as deemed necessary. At such time thereafter that a specific project may arise, the City shall evaluate the statements of qualifications on file and select a firm as outlined in Section III hereof. Hence, the purpose of this request is to encourage firms engaged in lawful practice of PROFESSIONAL SERVICES (Legal, Architectural, Engineering, Construction Management, Land Surveying, Auditing/Accounting, and Consulting) to submit an annual statement of qualifications and performance data to the City of Hot Springs, Arkansas