Acceptance of Offer Resulting in Unreasonable Price

  1. Law
  2. Indiana Code
  3. State and Local Administration
  4. Public Purchasing
  5. Small Business Set-Aside Purchases
  6. Acceptance of Offer Resulting in Unreasonable Price

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Sec. 8. If the purchasing agent determines that acceptance of the lowest responsible and responsive offer will result in the payment of an unreasonable price, the purchasing agent shall reject all offers and may withdraw designation of the purchase as a small business set-aside.

As added by P.L.49-1997, SEC.1.


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