Statutes > Kentucky Statutes > CHAPTER 45A KENTUCKY MODEL PROCUREMENT CODE > 45A.680 Withdrawal of designation of small or small minority business set aside.

45A.680 Withdrawal of designation of small or small minority business set aside.

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45A.680 Withdrawal of designation of small or small minority business set aside. If less than three (3) small or small minority businesses are considered capable of meeting <br>the specifications and terms of the invitations for bids, or if the cabinet determines that <br>the lowest and best bid results in an unreasonable price, the agency shall reject all bids <br>and withdraw the designation of small or small minority business set aside. Notification <br>of reasons for rejection shall be given to bidders. The cabinet may then seek additional <br>bids without reference to the small or small minority business designation. Effective: July 13, 1990 <br>History: Created 1990 Ky. Acts ch. 496, sec. 12, effective July 13, 1990.