Sec. 1. (a) A purchasing agency may conduct a reverse auction for the purchase of supplies by using an Internet purchasing site to:
(1) issue an invitation for bids; and
(2) receive bids.
(b) Except as provided in this chapter, a purchasing agency and a bidder must comply with the requirements of this article when participating in a reverse auction.
As added by P.L.93-2004, SEC.9.
Structure Indiana Code
Title 5. State and Local Administration
Chapter 7.5. Online Reverse Auctions
5-22-7.5-1. Authorization for Reverse Auction
5-22-7.5-2. Necessity for Written Policies
5-22-7.5-3. Bids in a Reverse Auction
5-22-7.5-4. Requirements of Internet Purchasing Site for Reverse Auction
5-22-7.5-6. Opening Reverse Auction Bids