RECIPROCAL PREFERENCE definition
RECIPROCAL PREFERENCE means a preference applied against the bid of a nonresident bidder equivalent to the percent
RECIPROCAL PREFERENCE means a preference provided to a resident bidder of Kentucky as described in KRS 45A.494 against a nonresident bidder registered in any state that gives or requires a preference to bidders from that state. The preference shall be equal to the preference given or required by the state of the nonresident bidder.
Examples of RECIPROCAL PREFERENCE in a sentence
RECIPROCAL PREFERENCE (1) Prior to a contract being awarded to the lowest responsible and responsive bidder on a contract by a public agency, a resident bidder of the Commonwealth shall be given a preference against a nonresident bidder registered in any state that gives or requires a preference to bidders from that state.