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Public procurement preference margin
The City Council of Fort Worth (state of Texas) adopted an ordinance March 5, 2013 by which it may award contracts to local businesses whose bids are within statutory percentages of non-local low bidders, if the award presents the best combination of "contract price and economic opportunities".
For example, it provides with respect to contracts for personal property in an amount equal to or greater than $500,000 that ''i'n purchasing any personal property that is not affixed to real property, if the city receives one or more competitive bids from a bidder that is a local business and whose bid is within three percent (3%) of the lowest bid price received by the city from a bidder that is not a local business, the city may enter into a contract for an amount equal to or greater than five hundred thousand dollars ($500,000.00) with: (I) the lowest bidder; or (2) the bidder that is a local business as defined herein, provided the City Council determines, in writing, that awarding to the local bidder offers the city the best combination of contract price and economic development opportunities.'
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