New Jersey Administrative Code
Title 16 - TRANSPORTATION
Chapter 72 - NEW JERSEY TRANSIT PROCUREMENT POLICIES AND PROCEDURES
Subchapter 2 - PROCEDURES FOR INVITATION FOR BID (IFB)
Section 16:72-2.15 - Mathematical calculations

Universal Citation: NJ Admin Code 16:72-2.15

Current through Register Vol. 56, No. 24, December 18, 2024

(a) After the bids are opened, they shall be compared on the basis of the correctly determined summation of the correctly determined products of all the quantities for contract line items shown in the bid multiplied by the unit prices bid. The results of such comparisons shall be made available to the public. Award shall be made on the basis of the correct total contract price.

(b) In the event of a discrepancy between the unit price bid for any contract line item and the extension shown for that item under the column of the bid designated "Amount," the unit price shall govern.

1. Where a unit price is bid for a contract line item, but no extension is provided, NJ TRANSIT shall provide the extension based on the unit price bid and the estimated quantity for that contract item.

2. Where an extension is provided by the bidder in the "Amount" column, but no unit price appears in the "Unit Price" column of the bid, NJ TRANSIT shall provide the unit price by dividing the "Amount" figure provided by the bidder by the estimated quantity.

3. Where no figure is provided by the bidder in both the "Unit Price" and "Amount" columns for one or more contract line items or where no figure is provided in the "Amount" column for one or more "Lump Sum" contract line items, the amount bid shall be considered zero and the work included in that line item shall be considered included in the total contract price.

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