2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:1540 — Competition


LA Rev Stat § 39:1540 What's This?

§1540. Competition

Every contract entered into by the state for the purchase of insurance or for obtaining services relating to the operation of the insurance program shall be awarded by either competitive sealed bidding or competitive negotiation. Competitive negotiation shall be initiated by the issuance of a request for proposals containing a description of the coverage required and the factors to be used in evaluating the proposals. Where there is more than one offeror, written or oral discussions shall be conducted with at least the three, or two if there are only two, highest qualified offerors who submit proposals determined in writing to be reasonably susceptible of being selected for award. The contract shall be awarded with reasonable promptness by written notice to the responsible offeror whose proposal meets the requirements and criteria set forth in the request for proposals and whose proposal is most beneficial to the state, considering the price and the evaluation factors set forth in the request for proposal. Public notice of the request for proposals shall be provided in the same manner as established in Part V of Chapter 1 of Title 391 of the Louisiana Revised Statutes.

Added by Acts 1980, No. 520, §1, eff. July 1, 1980.

1R.S. 39:171 et seq. (repealed, eff. July 1, 1980; for superseding provisions see R.S. 39:1551 et seq.).

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