Statutes, codes, and regulations
Kentucky Revised Statutes
Title 6 - FINANCIAL ADMINISTRATIONChapter 45A - KENTUCKY MODEL PROCUREMENT CODE
MISCELLANEOUS PROCUREMENT PROVISIONS
Section 45A.680 - Withdrawal of designation of small or small minority business set aside

Ky. Rev. Stat. § 45A.680

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Current through 2024 Ky. Acts ch.225
Section 45A.680 - Withdrawal of designation of small or small minority business set aside

If less than three (3) small or small minority businesses are considered capable of meeting the specifications and terms of the invitations for bids, or if the cabinet determines that the lowest and best bid results in an unreasonable price, the agency shall reject all bids and withdraw the designation of small or small minority business set aside. Notification of reasons for rejection shall be given to bidders. The cabinet may then seek additional bids without reference to the small or small minority business designation.

KRS 45A.680

Effective:7/13/1990
Created 1990 Ky. Acts ch. 496, sec. 12, effective7/13/1990.