Nevada Revised Statutes 237.020 – Effect of collusion among bidders or advance disclosures regarding purchase or lease of property of local government
Current as of: 2022 | Check for updates
|
Other versions
When sealed bids or proposals, or oral bids, are accepted for the purchase or lease of the property of a local government:
Terms Used In Nevada Revised Statutes 237.020
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
1. Any agreement or collusion among bidders or prospective bidders in restraint of freedom of competition, by agreement to bid a fixed price or otherwise, is unlawful and renders the bids or proposals of the colluding bidders void.
2. Advance disclosure of any information to a bidder which would give that bidder an advantage over another bidder, if made or permitted by a member, employee or representative of the governing body renders all bids or proposals void.