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TITLE 34PUBLIC FINANCE
PART 1COMPTROLLER OF PUBLIC ACCOUNTS
CHAPTER 20STATEWIDE PROCUREMENT AND SUPPORT SERVICES
SUBCHAPTER CPROCUREMENT METHODS AND CONTRACT FORMATION
DIVISION 2PROCUREMENT METHODS
RULE §20.212Reverse Auction

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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