Rules & Regulations of the State of Tennessee
Title 0680 - Board for Licensing Contractors
Chapter 0680-08 - Go Build Tennessee
Section 0680-08-.04 - CONTRACTS FOR RESOURCES
Universal Citation: TN Comp Rules and Regs 0680-08-.04
Current through September 24, 2024
(1) Should the Corporation contract with independent persons or entities for materials, labor, or any other needed resources that the Corporation may lawfully obtain, the Corporation shall adhere to the following protocol:
(a) The Corporation shall receive at least
three (3) bids to perform a contract unless the Corporation makes a finding in
writing that one of the following contingencies exists:
1. That receiving multiple bids would not be
in the best interest of the Corporation;
2. That the Corporation has previously
attempted to obtain multiple bids but was unable to do so; or
3. That the qualifications of one (1) vendor
make it the only qualified vendor to provide the services required under the
contract.
(b) All bids
shall be in writing, shall disclose the person or entity's name making the bid,
the price or cost structure - including total cost under the contract, and such
other information as the Corporation may require.
(c) No member of the Corporation shall take
part in the consideration or discussion of a contract if such person has a
direct or indirect interest in any company placing a bid. Direct interest in a
company means any ownership interest by the Corporation member or any member of
such person's immediate family. Indirect interest includes social, familial, or
professional connections which reasonably prevent a member of the Corporation
from acting objectively.
(d) The
Corporation shall select the best vendor taking into account the overall cost,
the professional qualifications of the vendor, and the needs of the
Corporation.
(e) The Corporation
may delegate the review and acceptance of bids to one (1) or more persons each
having no direct or indirect interest in any of the bidders, as defined above,
who shall review all submissions and choose a qualifying person or entity based
on overall cost, the professional qualifications of the vendor, and the needs
of the Corporation.
(f) No member
of the Corporation or any entity that they have an interest in directly or
indirectly have a financial interest in shall enter into a contract with the
Corporation for resources or services.
Authority: T.C.A. § 4-41-105.
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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