| (a) Commission Projects are bid competitively or bid
using best value alternative delivery methods, and publicly opened
in the office designated by the Commission. When Projects are bid
using best value alternate delivery methods, the public opening is
conducted in accordance with Texas Government Code, §2269 et
seq.
(b) The Commission shall develop detailed operating
procedures for the contractor selection and bidding process, including
selection for best value alternate delivery methods.
(c) The Commission may require a proposal guaranty
for competitive pricing submitted as a response to a request for proposal.
The value of the guaranty will be established in the language of the
request for proposal document. The guaranty may be in the form of
a:
(1) cashier's check or money order drawn on an account
with a financial entity determined by the Commission;
(2) bid bond issued by a surety authorized to do business
in this state; or
(3) any other method approved by the Commission.
(d) Upon award and execution of the construction contract,
all proposal guaranties shall be returned to their respective issuers.
In the case of best value alternative delivery method contracts, proposal
guaranties shall be returned upon receipt of payment and performance
bonds for the initial phase of work.
|
| Source Note: The provisions of this §123.29 adopted to be effective March 18, 2002, 27 TexReg 2005; amended to be effective November 15, 2011, 36 TexReg 7658; amended to be effective March 9, 2017, 42 TexReg 1011 |
