New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 34 - LOCAL PUBLIC AND PUBLIC SCHOOL CONTRACTS LAWS
Subchapter 7 - COOPERATIVE PURCHASING
Section 5:34-7.20 - Binding estimate option
Universal Citation: NJ Admin Code 5:34-7.20
Current through Register Vol. 56, No. 18, September 16, 2024
Notwithstanding any of the restrictions or conditions set forth in this chapter, the lead agency of a cooperative purchasing system shall determine prior to the solicitation of bids whether the estimates submitted by a duly registered member of the system shall be considered firm and binding or a member may withdraw its estimate even after a supplier has been selected. The mechanism for determining systemwide consensus shall be the responsibility of the lead agency.
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