If only one responsive bid is received in response to an Invitation for Bids (including multi-step bidding), an award may be made to the single bidder if the Agency Procurement Officer finds that the price submitted is fair and reasonable, and that either;
Otherwise, the bid may be rejected pursuant to the provisions of Subsection 3.112.04, Cancellation of Solicitation; Rejection of all Bids or Proposals and:
12 Miss. Code. R. 6-3.102.03.1