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45A.090 Negotiation after competitive sealed bidding when all bids exceed available funds.

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45A.090 Negotiation after competitive sealed bidding when all bids exceed available funds. (1) In the event that all bids submitted pursuant to competitive sealed bidding under KRS 45A.080 result in bid prices in excess of the funds available for the purchase, <br>and the chief purchasing officer determines in writing: <br>(a) That there are no additional funds available from any source so as to permit an award to the responsive and responsible bidder whose bid offers the best <br>value; and (b) The best interest of the state will not permit the delay attendant to a resolicitation under revised specifications, or for revised quantities, under <br>competitive sealed bidding as provided in KRS 45A.080, then a negotiated award may be made as set forth in subsections (2) or (3) of this <br>section. (2) Where there is more than one (1) bidder, competitive negotiations pursuant to KRS 45A.085(3) shall be conducted with the three (3) (two (2) if there are only two (2)) <br>bidders determined in writing to be the most responsive and responsible bidders, <br>based on criteria contained in the bid invitation and the reciprocal preference for <br>resident bidders under KRS 45A.494. Such competitive negotiations shall be <br>conducted under the following restrictions: <br>(a) If discussions pertaining to the revision of the specifications or quantities are held with any potential offeror, all other potential offerors shall be afforded an <br>opportunity to take part in such discussions; and (b) A request for proposals, based upon revised specifications or quantities, shall be issued as promptly as possible, shall provide for an expeditious response to <br>the revised requirements, and shall be awarded upon the basis of best value. (3) Where, after competitive sealed bidding, it is determined in writing that there is only one (1) responsive and responsible bidder, a noncompetitive negotiated award <br>may be made with such bidder in accordance with KRS 45A.095. Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 162, sec. 9, effective July 15, 2010. -- Amended 2003 Ky. Acts ch. 98, sec. 6, effective June 24, 2003. -- Amended 1997 (1st Extra. <br>Sess.) Ky. Acts ch. 4, sec. 29, effective May 30, 1997. -- Created 1978 Ky. Acts <br>ch. 110, sec. 19, effective January 1, 1979. Legislative Research Commission Note (10/19/2004). 2004 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 2, provides, &quot;Notwithstanding KRS 18A.225, 45A.022, 45A.080, <br>45A.085, 45A.090, 45A.225 to 45A.290, or any other provision of KRS Chapter 45A <br>to the contrary, retroactive to August 12, 2004, the Finance and Administration <br>Cabinet shall implement the provisions of this Act by amending the previously <br>negotiated contracts for public employee health insurance. The secretary of the <br>Finance and Administration Cabinet shall provide an actuarial certification that the <br>self-insured contract amounts are actuarially sound. Any contracts entered into or <br>modified pursuant to this section shall be forwarded to the Legislative Research <br>Commission.&quot;