SB4170 - Tennessee - Public Contracts, Public Property

Companion Bill HB4126. Public Contracts - Requires, in regard to bids and the bid process, a protesting party to file a protest bond in order for a protest or stay of award to proceed; bond to be 5 percent of the lowest bid evaluated. - Amends TCA Section 12-3-214. Fiscal Summary for SB4170 / *HB4126State Revenue - Net Impact - Not Significant State Expenditures - Net Impact - Not Significant Bill Summary for SB4170 / *HB4126 Under present law, state contracts are awarded by competitive sealed bidding by the department of general services. Prior to the commencement of an action in court, a bidder who claims to be aggrieved in connection with a bid, the bid process, or a pending award of a contract may protest to the commissioner of general services. If a protest is not resolved by mutual agreement, then the protesting party may request [...]

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