Uttah Statute- Invitation for bids for reverse auction -- Requirements -- Publication of invitation.

Effective 3/29/2014 
63G-6a-611.  Invitation for bids for reverse auction -- Requirements -- Publication of invitation. 
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(1)    The reverse auction bidding process begins when the issuing procurement unit issues an invitation for bids to prequalify bidders to participate in the reverse auction.
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(2)    The invitation for bids shall:Anchor
(a)    state the period of time during which bids will be accepted;
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(b)    state that the bid will be conducted by reverse auction;
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(c)    describe the procurement items sought;
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(d)    describe the minimum requirements to become prequalified;
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(e)    state the required contractual terms and conditions; and
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(f)    describe the procedure that the conducting procurement unit will follow in the reverse auction.
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(3)    In order to participate in a reverse auction, a bidder shall agree to:Anchor
(a)    the specifications, and contractual terms and conditions, of the procurement; and
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(b)    be trained in, and abide by, the procedure that the division or the procurement unit with independent procurement authority will follow in conducting the reverse auction.
(4)    The division or a procurement unit with independent procurement authority shall publish an invitation for bids for a reverse auction in accordance with the requirements of Section63G-6a-406.
Amended by Chapter 196, 2014 General Session
http://le.utah.gov/xcode/Title63G/Chapter6A/63G-6a-S611.html?v=C63G-6a-S611_2014040320140329