Alabama § 41-4-141 Request of Price or Cost Information from Bidders or Offerors

Alabama Statutes

§ 41-4-141 — Request of Price or Cost Information from Bidders or Offerors

Alabama·Title 41 State Government·Ch. 4 Department of Finance·Art. 5 Division of Purchasing·Div. 3 Source Selection and Contract Formation

The Chief Procurement Officer may request factual information reasonably available to the bidder or offeror to substantiate that the price or cost offered, or some portion of it, is reasonable when either of the following occurs:

(1)The price is not any of the following: a. Based on adequate price competition. b. Based on established catalogue or market prices. c. Set by law or rule.

(2)The price or cost exceeds an amount established by rule.

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The Chief Procurement Officer may request factual information reasonably available to the bidder or offeror to substantiate that the price or cost offered, or some portion of it, is reasonable when either of the following occurs:
(1) The price is not any of the following:
a. Based on adequate price competition.
b. Based on established catalogue or market prices.
c. Set by law or rule.
(2) The price or cost exceeds an amount established by rule.

Alabama § 41-4-141 (Request of Price or Cost Information from Bidders or Offerors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.