Tex.
Gov't Code Section 2155.062
Purchase Methods
(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 (Purchasing Methods) provides additional information on purchase methods.(c)
Chapter 2157 (Purchasing: Purchase of Automated Information Systems) 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.
Source:
Section 2155.062 — Purchase Methods, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2155.htm#2155.062 (accessed Jun. 5, 2024).
