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2011 SESSION

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HB 1929 Public Procurement Act; price matching by State's businesses.

Introduced by: Daniel W. Marshall, III | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Virginia Public Procurement Act; price matching by Virginia businesses.  Provides that whenever the lowest responsive and responsible bidder is a resident of any other state and such state allows a resident contractor of that state a price-matching preference, then a like preference shall be allowed to responsive and responsible bidders who are residents of Virginia.

SUMMARY AS INTRODUCED:

Virginia Public Procurement Act; price matching by Virginia businesses.  Provides that whenever the lowest responsive and responsible bidder is a resident of any other state, and the difference between such bidder's bid and the bid of the next lowest responsive and responsible bidder who is a resident of Virginia is no more than five percent or $10,000, the Virginia bidder shall be given the opportunity to match the bid of the out-of-state bidder. If the Virginia bidder matches the out-of-state bid, the contract shall be awarded to the Virginia bidder. The bill requires the Division of Purchases and Supply to develop price match procedures.