Section 463.106 - Purchases: Competitive Bidding(a) Except as provided by Subsection (c) and as otherwise provided by this chapter, an authority may not award a contract for construction, services, or property, other than real property, except through the solicitation of competitive sealed bids or proposals ensuring full and open competition.(b) The authority shall describe in a solicitation each factor to be used to evaluate a bid or proposal and give the factor's relative importance.(c) The executive committee may authorize the negotiation of a contract without competitive sealed bids or proposals if:(1) the aggregate amount involved in the contract is $50,000 or less;(2) the contract is for construction for which not more than one bid or proposal is received;(3) the contract is for services or property for which there is only one source or for which it is otherwise impracticable to obtain competition;(4) the contract is to respond to an emergency for which the public exigency does not permit the delay incident to the competitive process;(5) the contract is for personal or professional services or services for which competitive bidding is precluded by law; or(6) the contract, without regard to form and which may include bonds, notes, loan agreements, or other obligations, is for the purpose of borrowing money or is a part of a transaction relating to the borrowing of money, including: (A) a credit support agreement, such as a line or letter of credit or other debt guaranty;(B) a bond, note, debt sale or purchase, trustee, paying agent, remarketing agent, indexing agent, or similar agreement;(C) an agreement with a securities dealer, broker, or underwriter; and(D) any other contract or agreement considered by the executive committee to be appropriate or necessary in support of the authority's financing activities.Tex. Transp. Code § 463.106
Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 151,Sec. 1, eff. 5/24/2019.