Tex.
Transp. Code Section 463.106
Purchases: Competitive Bidding
(a)
Except as provided by Subsection (c) and as otherwise provided by this chapter, an authority may not award a contract for construction, services, or property, other than real property, except through the solicitation of competitive sealed bids or proposals ensuring full and open competition.(b)
The authority shall describe in a solicitation each factor to be used to evaluate a bid or proposal and give the factor’s relative importance.(c)
The executive committee may authorize the negotiation of a contract without competitive sealed bids or proposals if:(1)
the aggregate amount involved in the contract is $50,000 or less;(2)
the contract is for construction for which not more than one bid or proposal is received;(3)
the contract is for services or property for which there is only one source or for which it is otherwise impracticable to obtain competition;(4)
the contract is to respond to an emergency for which the public exigency does not permit the delay incident to the competitive process;(5)
the contract is for personal or professional services or services for which competitive bidding is precluded by law; or(6)
the contract, without regard to form and which may include bonds, notes, loan agreements, or other obligations, is for the purpose of borrowing money or is a part of a transaction relating to the borrowing of money, including:(A)
a credit support agreement, such as a line or letter of credit or other debt guaranty;(B)
a bond, note, debt sale or purchase, trustee, paying agent, remarketing agent, indexing agent, or similar agreement;(C)
an agreement with a securities dealer, broker, or underwriter; and(D)
any other contract or agreement considered by the executive committee to be appropriate or necessary in support of the authority’s financing activities.
Source:
Section 463.106 — Purchases: Competitive Bidding, https://statutes.capitol.texas.gov/Docs/TN/htm/TN.463.htm#463.106 (accessed Jun. 5, 2024).
