§ 5-22-7.5-2 — Necessity for written policies

Indiana § 5-22-7.5-2

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 22: PUBLIC PURCHASING
• Ch. 7.5: Online Reverse Auctions

Text

(a) Before conducting a reverse auction, the
purchasing agency must adopt written policies that do the following:
(1) Establish procedures for all the following:
(A) Transmitting notices, solicitations, and specifications.
(B) Receiving offers.
(C) Making payments.
(D) Protecting the identity of a bidder or an offeror.
(E) For a reverse auction, providing for the display of the
amount of each offer previously submitted for public viewing.
(F) Establishing the deadline by which offers must be received
and will be considered to be open and available for public
inspection.
(G) Establishing the procedure for the opening of offers.
(2) Require the purchasing agency to maintain adequate
documentation regarding reverse auctions so that the transactions
may be audited as provided by law.
(b) Written policies that comply with rules for an Internet public
purchasing site adopted by the Indiana department of administration
under IC 4-13-17-4 satisfy the requirements of this section.

Legislative History

As added by P.L.93-2004, SEC.9. Amended by P.L.160-2006, SEC.7.