Tennessee Code 12-3-507 – Competitive negotiation
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 12-3-507
- Central procurement office: means the government agency established in §. See Tennessee Code 12-3-201
- Chief procurement officer: means the person holding the position established in §. See Tennessee Code 12-3-201
- Procurement: means buying, purchasing, renting, leasing, or otherwise acquiring of any goods or services. See Tennessee Code 12-3-201
- Procurement commission: means the state procurement commission, as established in §. See Tennessee Code 12-3-201
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
Except as otherwise provided by law, a contract may be entered into by competitive negotiation when it is determined by the chief procurement officer that it is in the best interest of the state. Each use of competitive negotiation shall be subject to approval by the chief procurement officer and the comptroller of the treasury in accordance with rules, policies, and procedures of the procurement commission. Notice of such approved competitive negotiations shall be posted on the central procurement office‘s website.