I-13.3, r. 12 - Regulation respecting student transportation

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30. A board or an educational institution is authorized to enter into a contract in accordance with section 29, provided that:
(1)  the price of the contract is at least 5% lower than the price of the lowest tender and the contracting party is one of the tenderers; or
(2)  the price of the contract is at least 5% lower than the price of the lowest tender and no tenderer agrees to enter into a contract at the new price.
O.C. 647-91, s. 30.