MO HB1071

State Highways and Transportation Commission is authorized to conduct reverse auctions for purchasing specific commodities, notwithstanding other state laws.

All bid criteria must be established before bidding commences, and all participating vendors must meet requirements at the time of bidding.

Participating vendors can view the best price offered in real-time throughout the reverse auction process.

Reverse auctions are limited to purchases of large quantities of highly standardized, readily available commodities where price and obtainability from qualified competitors are the only selection factors.