SECTION 20.212. Reverse Auction

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Pursuant to Government Code, §2155.062(a)(4) and (d), the comptroller may use the reverse auction procedure as a method of purchasing goods and services. In this competitive method of purchasing, bidding is a real time process lasting for a specified period of time, during which multiple suppliers anonymous to each other submit bids to provide the designated goods or services to an internet location.

Source Note: The provisions of this §20.212 adopted to be effective January 24, 2017, 42 TexReg 233

                    
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