Sec. 1576.009. CONTRACT AWARD; CONSIDERATIONS. (a) In awarding a contract under this chapter, the trustee is not required to select the lowest bid and may consider any relevant criteria, including a bidder's:
(1) ability to service contracts;
(2) past experience; and
(3) financial stability.
(b) If the trustee awards a contract to a bidder whose bid deviates from that advertised, the trustee shall record the deviation and fully justify the reason for the deviation in the minutes of the next meeting of the trustee.
Added by Acts 2005, 79th Leg., Ch. 1359 (S.B. 1691), Sec. 47, eff. September 1, 2005.
Structure Texas Statutes
Title 8 - Health Insurance and Other Health Coverages
Subtitle H - Health Benefits and Other Coverages for Governmental Employees
Chapter 1576 - Group Long-Term Care Insurance for Public School Employees
Section 1576.002. Establishment of Program
Section 1576.003. Contracts to Provide Coverages
Section 1576.005. Program Not Part of Other Group Coverages
Section 1576.007. Exemption From State Taxes and Fees
Section 1576.008. Competitive Bidding Requirements; Rules
Section 1576.009. Contract Award; Considerations
Section 1576.010. Group Long-Term Care Insurance Program Fund
Section 1576.011. Investment of Fund