Texas Government Code 2155.062 – Purchase Methods
Current as of: 2024 | Check for updates
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(a) In purchasing goods and services the comptroller may use, but is not limited to, the:
(1) contract purchase procedure;
(2) multiple award contract procedure, including under any schedules developed under Subchapter I;
(3) open market purchase procedure; or
(4) reverse auction procedure.
(b) Chapter 2156 provides additional information on purchase methods.
Terms Used In Texas Government Code 2155.062
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Contract: A legal written agreement that becomes binding when signed.
(c) Chapter 2157 provides additional information on purchase of automated information systems.
(d) In this subchapter, “reverse auction procedure” means:
(1) a real-time bidding process usually lasting less than one hour and taking place at a previously scheduled time and Internet location, in which multiple suppliers, anonymous to each other, submit bids to provide the designated goods or services; or
(2) a bidding process usually lasting less than two weeks and taking place during a previously scheduled period and at a previously scheduled Internet location, in which multiple suppliers, anonymous to each other, submit bids to provide the designated goods or services.