If less than three (3) small or small minority businesses are considered capable of meeting the specifications and terms of the invitations for bids, or if the cabinet determines that the lowest and best bid results in an unreasonable price, the agency shall reject all bids and withdraw the designation of small or small minority business set aside. Notification of reasons for rejection shall be given to bidders. The cabinet may then seek additional bids without reference to the small or small minority business designation.
KRS 45A.680
Withdrawal of designation of small or small minority business set aside
Known as the Kentucky Model Procurement Code
The act spans §§ 45–45 (195 sections).
Effective: July 13, 1990 History: Created 1990 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.