New Jersey Administrative Code
Title 12A - COMMERCE
Chapter 130 - RESERVED
Subchapter 1 - PURCHASING
Section 12A:130-1.2 - Purchases, contracts or agreements over threshold amount
Current through Register Vol. 56, No. 24, December 18, 2024
(a) For purposes of this subchapter, the term "threshold amount" shall mean the current dollar amount established by the Governor, in consultation with the Department of Treasury, for the purpose of setting the minimum contract price over which the New Jersey Sports and Exposition Authority, and certain other State authorities and agencies specified in P.L. 1981, c.447 amended by P.L. 1984, c.128, shall utilize in bid advertising procedures and in entering purchases, agreements, or contracts with private vendors.
(b) All purchases, contracts or agreements, where the cost or contract price exceeds the threshold amount shall, except as otherwise provided in this subchapter, be made, negotiated or awarded by ACCCA only after public advertisement for bids, and shall be awarded to that responsible bidder whose bid, conforming to the invitation for bids, is on terms determined to be advantageous to ACCCA based upon ACCCA's consideration of price and other factors. Any bid may be rejected (even if this means all bids are rejected) when ACCCA determines that it is in the public interest to do so. In determining whether it is in the public interest to accept or reject a bid, ACCCA shall evaluate such factors as: economic effects; the effect on the resort, convention and tourism industry in Atlantic City and the surrounding community; the effect on maintenance and/or operation of the Atlantic City Convention Center and the Atlantic City Boardwalk Hall (collectively, the "Venues"); and the efficient and cost effective administration of the Venues and ACCCA.
(c) Public advertisements for competitive bids shall be placed in appropriate newspaper(s) or journal(s) at least 10 business days prior to the date upon which the bids are to be received and opened.
(d) In the event that any revisions, amendments or addenda are made to any pertinent information in bid documents relating to bids supplied to prospective bidders, notice of such changes shall be given to all known prospective bidders at least five business days prior to the opening of the bids.
(e) Any purchase, contract or agreement, where the aggregate cost or contract price exceeds the threshold amount, may be made, negotiated, or awarded by ACCCA without advertisement for bids when the subject matter consists of:
(f) Any purchase, contract or agreement where the cost or contract price exceeds the threshold amount may also be made, negotiated, or awarded by ACCCA without advertisement for bids if any one of the following circumstances exists: