12 Miss. Code. R. 6-3.101.01

Current through December 10, 2024
Section 12-6-3.101.01 - Definition of Terms Used in this Section
(1) Established Catalog Price - the price included in a catalog, price list, schedule, or other form that:
(a) Is regularly maintained by a manufacturer or contractor;
(b) Is either published or otherwise available for inspection by customers; and
(c) States price at which sales are currently or were last made to a significant number of any categories of buyers or buyers constituting the general buying public for the supplies or services involved.
(2)Invitation for Bids - all documents, whether attached or incorporated by reference, utilized for soliciting bids.
(3) Purchase Description - the words used in a solicitation to describe the commodities, equipment, or construction to be purchased and includes specifications attached to, or made a part of, the solicitation.
(4)Request for Proposals - all documents, whether attached or incorporated by reference, utilized for soliciting proposals.
(5) Responsible Bidder or Offerer - a person who has the capability in all respects to perform fully the contract requirements and the integrity and reliability which will assure good faith performance.
(6)Responsive Bidder - a person who has submitted a bid which conforms in all material respects to the Invitation for Bids.
(7)Reverse Auction - an electronic auction where suppliers bid online against each other for contracts against a published specification.
(8)Electronic Bids - allows for the online submission of bids. It is a fast, secure and fully audited environment in which suppliers can upload bid files to buyers.
(9) Online Auctions - an auction where items are sold over the internet.

12 Miss. Code. R. 6-3.101.01

Amended 1/1/2018