Okla. Admin. Code § 753:11-3-3
Current through Vol. 42, No. 4, November 1, 2024
Section 753:11-3-3 - Formal or Informal Competitive Solicitations ($25,000 - $250,000)(a) The Trust shall solicit or otherwise obtain prices and delivery dates by mail, telephone, facsimile, or by electronic commerce and shall prepare written evaluation criteria to be considered in selection of the supplier.(b) The Trust shall provide the specifications, terms, and conditions for the acquisition to each supplier selected for notification.(c) The Trust shall solicit bids in a manner that ensures minority businesses, women's business enterprises, and small businesses, and labor surplus are aware of solicitations and utilized when possible.(d) All awards shall be based on lowest and best or Best Value criteria [74 O.S. § 85.2]. Documentation of prices, delivery dates, and the evaluation shall be placed in the acquisition file.(e) Based on the complexity of the solicitation, the Trust may require a formal competitive solicitation, up to and including sealed solicitation.Okla. Admin. Code § 753:11-3-3
Adopted by Oklahoma Register, Volume 36, Issue 24, September 3, 2019, eff. 9/18/2019Amended by Oklahoma Register, Volume 40, Issue 23, August 15, 2023, eff. 9/1/2023