Sec. 60.409. PRICING METHOD. (a) A purchase may be proposed on a lump-sum or unit-price basis or a combination of a lump-sum basis and a unit-price basis.
(b) If a district or port authority uses unit pricing in its notice, the information furnished bidders shall specify the approximate quantities estimated on the best available information, but the compensation paid the bidder must be based on the actual quantities purchased.
Added by Acts 1987, 70th Leg., ch. 353, Sec. 1, eff. Aug. 31, 1987.
Section: Previous 60.403 60.4035 60.404 60.405 60.406 60.407 60.408 60.409 60.410 60.411 60.4115 60.412 60.4125 60.413 60.414 NextLast modified: September 28, 2016