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Tex. Insurance Code § 1576.009

CONTRACT AWARD; CONSIDERATIONS

Texas · Texas Insurance Code · Status: effective

Business & Commerce
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Tex. Insurance Code § 1576.009, CONTRACT AWARD; CONSIDERATIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/683135
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(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.