Section 5-1-17-18.5 - Negotiating with a single bidder for a project(a) This section applies to bids received with respect to a capital improvement under this chapter: (1) that is constructed by, for, or on behalf of the authority; and(2) for which only one (1) bid was received from a responsible bidder.(b) The board may attempt to negotiate a more advantageous proposal and contract with the bidder if the board determines that rebidding:(1) is not practicable or advantageous; or(2) would adversely affect the construction schedule or budget of the project.(c) The board shall prepare a bid file containing the following information:(1) A copy of all documents that are included as part of the invitation for bids.(2) A list of all persons to whom copies of the invitation for bids were given, including the following information:(A) The name and address of each person who received an invitation for bids.(B) The name of each bidder who responded and the dollar amount of the bid.(C) A summary of the bid received.(3) The basis on which the bid was accepted.(4) Documentation of the board's negotiating process with the bidder. The documentation must include the following:(A) A log of the dates and times of each meeting with the bidder.(B) A description of the nature of all communications with the bidder.(C) A copy of all written communications, including electronic communications, with the bidder.(5) The entire contents of the contract file except for proprietary information included with the bid, such as trade secrets, manufacturing processes, and financial information that was not required to be made available for public inspection by the terms of the invitation for bids.As added by P.L. 120-2006, SEC.2.