Sec. 4. When used for a reverse auction, an Internet purchasing site must do the following:
(1) Provide information that the purchasing entity considers necessary or beneficial to potential bidders.
(2) Display the amount of all bids previously submitted regarding the reverse auction for public viewing.
(3) Conceal information that identifies a bidder.
(4) Comply with this article.
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