63G-6-402 - Contracts awarded by reverse auction.
63G-6-402. Contracts awarded by reverse auction.
(1) As used in this section, "reverse auction" means a process where:
(a) contracts are awarded in an open and interactive environment, which may include theuse of electronic media; and
(b) bids are opened and made public immediately, and bidders given opportunity tosubmit revised, lower bids, until the bidding process is complete.
(2) (a) Notwithstanding the requirements of this chapter, contracts may be awardedthrough a reverse auction.
(b) The policy board shall make rules, consistent with this chapter, governing a reverseauction process.
Renumbered and Amended by Chapter 382, 2008 General Session