California Statutes
§ 10512. — 10512. (Amended by Stats. 2014, Ch. 361, Sec. 2.)
California·Code PCC Public Contract Code - PCC·Div. 2. DIVISION 2. GENERAL PROVISIONS·Part 2. PART 2. CONTRACTING BY STATE AGENCIES·Ch. 2.1. CHAPTER 2.1. University of California Competitive Bidding·Art. 3. ARTICLE 3. Real Property
(a)On the date designated in the public notice, the sealed bids shall be publicly opened.
(b)
(1)The regents shall accept in public the bid or proposal that it deems to offer the best combination of price, terms, and bidder’s qualifications to the university, or reject all bids or proposals.
A bidder’s qualifications may include factors other than price and terms, such as the bidder’s ability to complete the transaction or to secure development entitlements.
(2)If a successful bidder fails to perform in the manner specified, the regents may, at their sole option and without further notice, accept, from those remaining bids or proposals submitted and opened in public pursuant to subdivision (a), the bid
or proposal that it deems to offer the best combination of price, terms,
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California § 10512. (10512. (Amended by Stats. 2014, Ch. 361, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2014, Ch. 361, Sec. 2. (AB 2726) Effective January 1, 2015.