What are the laws and regulations for government contracting?

Government contracting refers to the process of obtaining goods and services from a government entity, such as a state or federal agency. In Tennessee, there are a variety of laws and regulations that govern the government contracting process. The Tennessee Code Annotated Title 12 is the overarching law that governs the process of government contracting. This Title contains a variety of provisions related to public procurement, including provisions related to public bids, notifications, and financial reporting. Additionally, Tennessee has its own specific regulations for government contracts, which must be followed in order to enter into a contract with the state or federal government. These regulations include the Tennessee Small and Rural Business Program, which sets specific goals for state agencies to contract with small and rural businesses. The Tennessee Public Funds Investment Act also regulates government contracts in the state. This Act outlines the requirements for the safe and prudent investment of public funds, which includes the process of procuring goods and services from third-party vendors. The Act outlines specific regulations that must be followed in order to enter into a contract with a government entity, including the disclosure of all costs associated with the contract and the proper approval process. Overall, there are several laws and regulations that must be followed when entering into a government contract in the state of Tennessee. It is important for businesses to understand the applicable laws and regulations in order to ensure the process is completed in accordance with the law.

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What are the laws and regulations for government contracting?

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