Section 0500-02-01-.04 - CONSTRUCTION CONTRACTS(1) Construction contracts shall be awarded on the basis of sealed bids opened and read publicly. Bids shall be solicited by advertisement at least two (2) weeks prior to opening in a newspaper of general circulation in the area in which the construction is proposed.(2) Contracts for construction shall be awarded in compliance with conditions stated above. Copies of the advertisement for bids, list of bidders with amount bid by each, name of concern to which contract is awarded and performance bond executed by the successful bidder shall be filed with the Building Finance Committee and the Comptroller of the Treasury.Tenn. Comp. R. & Regs. 0500-02-01-.04
Original Rule filed November 8, 1977, effective December 8, 1977.Authority: TCA Section §§ 13-16-207.