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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 260. Office of Management and Enterprise Services |
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Chapter 40. Employee Benefits Department |
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Subchapter 37. Competitive Bidding Criteria and Procedures for Contracts Awarded for Flexible Benefits Plans |
SECTION 260:40-37-3. General purchasing provisions
Latest version.
- (a) The EBD has the statutory authority to purchase flexible benefit plans for participants as defined by the Oklahoma State Employees Benefits Act. The EBD reserves the right to cancel any given procurement of flexible benefit plans at any time for any reason.(b) Except as otherwise specifically provided by this Chapter, all flexible benefit plan contracts required by the EBD shall be acquired by competitive bidding pursuant to the terms of this Chapter. Contracts with qualified flexible benefits plans may be awarded on the basis of best and final offer (BFO) through competitive negotiation. The EBD, at its own discretion, shall have the option of bidding and contracting any flexible benefit plan through the Department of Central Services, Central Purchasing Division.