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393 chapters · 3,941 sections in this title.
Ind. Code § 5-22-7.5-1 Authorization for reverse auction
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Sec. 1. (a) A purchasing agency may conduct a reverse auction for the purchase of supplies by using an Internet purchasing site to: (1) issue an invitation for bids; and (2) receive bids. (b) Except as provided in this chapter, a purchasing agency and a bidder must comply with th…
Ind. Code § 5-22-7.5-2 Necessity for written policies
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Sec. 2. (a) Before conducting a reverse auction, the purchasing agency must adopt written policies that do the following: (1) Establish procedures for all the following: (A) Transmitting notices, solicitations, and specifications. (B) Receiving offers. (C) Making payments. (D) Pr…
Ind. Code § 5-22-7.5-3 Bids in a reverse auction
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Sec. 3. If a purchasing agency issues an invitation for bids using a reverse auction conducted through an Internet purchasing site under this chapter, only bids made: (1) in accordance with the policies described in section 2 of this chapter; and (2) through the Internet purchasi…
Ind. Code § 5-22-7.5-4 Requirements of Internet purchasing site for reverse auction
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Sec. 4. When used for a reverse auction, an Internet purchasing site must do the following: (1) Provide information that the purchasing entity considers necessary or beneficial to potential bidders. (2) Display the amount of all bids previously submitted regarding the reverse auc…