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Tenn. Code Ann. § 7-3-306

Competitive bidding

Acts 1995, ch. 160, § 1.

Where the charter for a metropolitan government requires purchases in excess of one thousand dollars ($1,000) be made on the basis of competitive bidding, “competitive bidding” means:

Dollar amount of purchase: Requirement:

$1,000 to $3,999.99 Three (3) verbal, including telephone, quotations required

$4,000 to $9,999.99 Three (3) written, including faxed, quotations required

$10,000 and above Competitive sealed bids or request for proposals

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.