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Texas Agriculture Code - Section 74.1102. Contracting

Legal Research Home > Texas Lawyer > Agriculture Code > Texas Agriculture Code - Section 74.1102. Contracting

§ 74.1102. CONTRACTING.  (a) For a purchase of goods and 
services under this chapter, the foundation may purchase goods and 
services that provide the best value for the foundation.
	(b)  In determining the best value for the foundation, the 
purchase price and whether the goods or services meet 
specifications are the most important considerations.  However, the 
foundation may consider other relevant factors, including:
		(1)  the quality and reliability of the goods and 
services;                 
		(2)  the delivery terms;                                                      
		(3)  indicators of probable vendor performance under 
the contract, including:
			(A)  past vendor performance;                                                
			(B)  the vendor's financial resources and ability 
to perform;              
			(C)  the vendor's experience or demonstrated 
capability and responsibility;  and
			(D)  the vendor's ability to provide reliable 
maintenance agreements and support;
		(4)  the cost of any employee training associated with 
a purchase;  and     
		(5)  other factors relevant to determining the best 
value for the foundation in the context of a particular purchase.

Added by Acts 1999, 76th Leg., ch. 286, § 3, eff. May 29, 1999.            

Last modified: August 10, 2007