Tex. Ins. Code Section 1576.009
Contract Award; Considerations

(a)

In awarding a contract under this chapter, the trustee is not required to select the lowest bid and may consider any relevant criteria, including a bidder’s:

(1)

ability to service contracts;

(2)

past experience; and

(3)

financial stability.

(b)

If the trustee awards a contract to a bidder whose bid deviates from that advertised, the trustee shall record the deviation and fully justify the reason for the deviation in the minutes of the next meeting of the trustee.
Added by Acts 2005, 79th Leg., Ch. 1359 (S.B. 1691), Sec. 47, eff. September 1, 2005.

Source: Section 1576.009 — Contract Award; Considerations, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­1576.­htm#1576.­009 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 1576.009’s source at texas​.gov