Contracts shall be awarded by competitive sealed bidding, except as provided in Subsection 4.02 (b), provided that the following conditions are present:

1. A clear, complete, accurate and realistic purchase description or specification for the good or service to be procured is available;

2. The purchase description or specification does not contain unnecessarily restrictive requirements or features which may unduly limit the number of bidders;

3. Two or more responsible bidders are willing and able to submit bids for the procurement; and

4. The procurement requirements can be defined with sufficient accuracy so that a firm-fixed-price contract can be executed, and selection of the successful bidder can be made principally on the basis of price.

History: Rule 8, eff. March 3, 1999.