81-1118.07 State purchasing bureau; use reverse auction; powers and duties. - Nebraska Statutes

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Statutes > Nebraska > Chapter81 > 81-1118_07

81-1118.07. State purchasing bureau; use reverseauction; powers and duties.(1) Notwithstanding any other provision of law, the statepurchasing bureau created by section 81-1118 may use a reverse auction forthe acquisition of goods if the bureau determines that the use of a reverseauction would be advantageous to the state.(2) If the bureau conductsa reverse auction, the bureau shall provide notification of the intent touse the reverse auction process in the bid solicitation documents and, unlessthe solicitation is canceled, an award shall be made to the bidder determinedby the bureau to be the lowest responsible bidder at the close of the biddingprocess. The bureau may require bidders to register before the opening dateand time of the reverse auction.(3) The bureau may contract with a third-party vendorto conduct a reverse auction pursuant to this section.(4) The bureau may adoptand promulgate rules and regulations to implement this section.(5) For purposes of thissection, reverse auction means a process in which (a) bidders compete to providegoods in an open and interactive environment, which may include the use ofelectronic media, (b) bids are opened and made public immediately, and (c)bidders are given opportunity to submit revised bids until the bidding processis complete. SourceLaws 2009, LB168, § 1.

State Codes and Statutes

Statutes > Nebraska > Chapter81 > 81-1118_07

81-1118.07. State purchasing bureau; use reverseauction; powers and duties.(1) Notwithstanding any other provision of law, the statepurchasing bureau created by section 81-1118 may use a reverse auction forthe acquisition of goods if the bureau determines that the use of a reverseauction would be advantageous to the state.(2) If the bureau conductsa reverse auction, the bureau shall provide notification of the intent touse the reverse auction process in the bid solicitation documents and, unlessthe solicitation is canceled, an award shall be made to the bidder determinedby the bureau to be the lowest responsible bidder at the close of the biddingprocess. The bureau may require bidders to register before the opening dateand time of the reverse auction.(3) The bureau may contract with a third-party vendorto conduct a reverse auction pursuant to this section.(4) The bureau may adoptand promulgate rules and regulations to implement this section.(5) For purposes of thissection, reverse auction means a process in which (a) bidders compete to providegoods in an open and interactive environment, which may include the use ofelectronic media, (b) bids are opened and made public immediately, and (c)bidders are given opportunity to submit revised bids until the bidding processis complete. SourceLaws 2009, LB168, § 1.

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State Codes and Statutes

Statutes > Nebraska > Chapter81 > 81-1118_07

81-1118.07. State purchasing bureau; use reverseauction; powers and duties.(1) Notwithstanding any other provision of law, the statepurchasing bureau created by section 81-1118 may use a reverse auction forthe acquisition of goods if the bureau determines that the use of a reverseauction would be advantageous to the state.(2) If the bureau conductsa reverse auction, the bureau shall provide notification of the intent touse the reverse auction process in the bid solicitation documents and, unlessthe solicitation is canceled, an award shall be made to the bidder determinedby the bureau to be the lowest responsible bidder at the close of the biddingprocess. The bureau may require bidders to register before the opening dateand time of the reverse auction.(3) The bureau may contract with a third-party vendorto conduct a reverse auction pursuant to this section.(4) The bureau may adoptand promulgate rules and regulations to implement this section.(5) For purposes of thissection, reverse auction means a process in which (a) bidders compete to providegoods in an open and interactive environment, which may include the use ofelectronic media, (b) bids are opened and made public immediately, and (c)bidders are given opportunity to submit revised bids until the bidding processis complete. SourceLaws 2009, LB168, § 1.