Section 1400.2520  Cancellation of Solicitations and Rejection of Offers

a)         Scope of this Section

The provisions of this Section govern the cancellation of any Invitation for Bids, Request for Proposals, Request for Information or any other solicitation issued by the Treasurer's office and the rejection of any or all bids, proposals or responses in whole or in part.

b)         Policy

Any solicitation may be cancelled without penalty, and any or all bids, proposals or responses may be rejected in whole or in part, when the Chief Procurement Officer or Purchasing Officer determines in writing that cancellation is in the State's best interest.

c)         Notice, Publication and Documentation

When a solicitation is cancelled or the offers are rejected, notice of the cancellation or rejection will be promptly provided to all affected vendors, published as provided in Section 1400.1505, and made part of the procurement file.