73-802. Purposes of act.

The purposes of the State Procurement Act are to establish a standardized, open, and fair process for selection of contracts and to create an accurate reporting of expended funds for such contracts. This process shall promote a standardized method of selection for state contracts, assuring a fair assessment of qualifications and capabilities for project completion or compliance with specifications. There shall also be an accountable, efficient reporting method of expenditures for these contracts.

Source:Laws 2003, LB 626, § 1; Laws 2012, LB858, § 5; R.S.1943, (2018), § 73-501; Laws 2024, LB461, § 2.
Effective Date: July 19, 2024