Tennessee § 7-89-123 Certain purchases for which competitive bidding not required - Use of competitive sealed proposals

Tennessee Statutes

§ 7-89-123 — Certain purchases for which competitive bidding not required - Use of competitive sealed proposals

(a)An authority in the operation, maintenance, and routine repairs of a project may purchase goods, supplies and services that are generally sold to the public by advertised price without the necessity of competitive bidding; provided, that no such purchase shall exceed ten thousand dollars ($10,000). The board of directors of the authority shall adopt a policy governing all purchases in the operation, maintenance and routine repairs of a project in excess of ten thousand dollars ($10,000). In lieu of adopting its own policy for such purchases in excess of ten thousand dollars ($10,000), the authority may adopt, follow or participate in the purchasing procedures of the municipality.

(b)A qualified management contract or other agreement for the operations of an authority facility in exces

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(a) An authority in the operation, maintenance, and routine repairs of a project may purchase goods, supplies and services that are generally sold to the public by advertised price without the necessity of competitive bidding; provided, that no such purchase shall exceed ten thousand dollars ($10,000). The board of directors of the authority shall adopt a policy governing all purchases in the operation, maintenance and routine repairs of a project in excess of ten thousand dollars ($10,000). In lieu of adopting its own policy for such purchases in excess of ten thousand dollars ($10,000), the authority may adopt, follow or participate in the purchasing procedures of the municipality. (b) A qualified management contract or other agreement for the operations of an authority facility in excess of ten thousand dollars ($10,000) annually shall be selected through the use of competitive sealed proposals independent of any other procurement.

Tennessee § 7-89-123 (Certain purchases for which competitive bidding not required - Use of competitive sealed proposals) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.