Nebraska § 73-810 - Competitive bids; rejection; grounds.
Full text of Nebraska Revised Statutes of Nebraska § 73-810 — Competitive bids; rejection; grounds., with citation guidance and answers to common questions.
§ 73-810. Competitive bids; rejection; grounds.
(1) For the purposes of this section:
(a) Realistic price means a price at which the goods or services can actually and sufficiently be provided in accordance with the awarded contract and price bid; and
(b) Reasonable price means the price of the goods or services is fair compensation for such goods or services.
(2) Any or all bids may be rejected by the state agency in accordance with the procurement manual. A state agency may reject a bid if the price is not reasonable or is not realistic.
(3) In considering whether a bid's price is not reasonable or not realistic, a state agency may consider factors, including prices bid by other bidders, the fair market value of the products or services, the availability of the products or services, historical prices, or independent cost estimates.
Frequently Asked Questions About Nebraska § 73-810
What does Revised Statutes of Nebraska § 73-810 cover?
Section 73-810 ("Competitive bids; rejection; grounds.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 73-810?
A common citation format is "Revised Statutes of Nebraska § 73-810" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 73-810 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.