NY Pub Auth L § 1088 (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 4 - Suffolk County Water Authority 1088 - Contracts.

§  1088.  Contracts.  All  contracts, or orders, for work, material or   supplies performed or furnished in connection with construction shall be   awarded by the authority pursuant  to  resolution.  Such  contracts,  or   orders, for work, material or supplies needed for any particular purpose   involving  an  expenditure  of  more than five thousand dollars shall be   awarded only after inviting  sealed  bids  or  proposals  therefor.  The   notice  inviting  sealed proposals shall be published at least once in a   newspaper or trade paper selected by the  authority  for  such  purpose,   such publication to be at least ten days before the date for the receipt   of  bids.  If  the  authority  shall not deem it for the interest of the   authority to reject all bids, it shall award the contract to the  lowest   bidder,  unless  the authority shall determine that it is for the public   interest that a bid other than the lowest bid should be accepted. In any   contract for work, material or supplies, there shall be inserted in  the   discretion of the authority a provision that additional work may be done   or  material  or  supplies  furnished for the purpose of completing such   contract at an expense not exceeding fifteen per centum of the amount of   such contract if such additional work, materials or  supplies  shall  be   ordered  by  the  authority. The bidder whose bid is accepted shall give   security for the faithful performance of the contract,  and  such  other   security  as  the authority may require, and may be required to maintain   for such period as shall be stipulated any construction done  under  the   contract,  all  in  the manner prescribed and required by the authority;   and  the  sufficiency  of  such  security  shall,  in  addition  to  the   justification and acknowledgment, be approved by the authority. All bids   or  proposals  shall  be  publicly  opened  by the authority or its duly   authorized agent. If the  bidder  whose  bid  has  been  accepted  after   advertising  shall  neglect or refuse to accept the contract within five   days after written notice that the same has been awarded to him  on  his   bid or proposal, or, if he accepts but does not execute the contract and   give  proper  security the authority shall have the right to declare his   deposit forfeited, and thereupon it shall be readvertised and  relet  as   above  provided.  In case any work shall be abandoned by any contractor,   the authority may, if the best interest  of  the  authority  be  thereby   served,  adopt  on behalf of the authority any or all sub-contracts made   by such contractor for such work and all such sub-contractors  shall  be   bound  by  such  adoption if made; and the authority shall in the manner   provided herein readvertise and relet the work specified in the original   contract exclusive of so much thereof as shall be provided  for  in  the   sub-contract  or sub-contracts so adopted. No bid shall be accepted from   or any contracts awarded to, any person or corporation who is in arrears   to the authority, or the county of Suffolk upon any debt or contract, or   is a defaulter as  surety  or  otherwise  upon  any  obligation  of  the   authority,  or  the  county.  Every contract involving an expenditure of   more than five thousand dollars when made and  entered  into  as  herein   provided  for shall be executed in duplicate, one copy of which shall be   held by the authority and one copy of which shall be  delivered  to  the   contractor. Upon the adoption of a resolution by a vote of two-thirds of   all the members of the authority stating that, for reasons of efficiency   or  economy, there is need for standardization, purchase contracts for a   particular type or kind of equipment, material or supplies of more  than   five  thousand  dollars  may  be  awarded by the authority to the lowest   responsible bidder furnishing the required security after  advertisement   for  sealed  bids  therefor in the manner provided in this section. Such   resolution shall contain a full  explanation  of  the  reasons  for  its   adoption.