New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 34 - LOCAL PUBLIC AND PUBLIC SCHOOL CONTRACTS LAWS
Subchapter 8 - CONTRACTS SUBJECT TO PUBLIC BIDDING
Section 5:34-8.1 - Multi-year contracts

Universal Citation: NJ Admin Code 5:34-8.1

Current through Register Vol. 56, No. 18, September 16, 2024

(a) All multi-year contracts, including all multi-year leases and multi-year leases with option to purchase which are authorized under 40A:11-15(7), 40A:11-15(15) or 18A:18A-42(f), and other multi-year contracts subject to 40A:11-15 and 18A:18A-42 for the procurement of goods or services shall be subject to competitive bidding if the cumulative amount to be expended during the duration of the multi-year lease or contract exceeds the threshold for competitive bidding for the contracting unit.

(b) Pursuant to the provisions of 40A:11-15 or 18A:18A-42, a contract award that was based upon receipt of quotations shall not be extended if the total value of the contract exceeds the bid threshold, which includes the original award plus any extension.

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