NY Pub Auth L § 1120-P (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 6-B - Clifton Park Water Authority 1120-P - Contracts.

§  1120-p. Contracts. 1. 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 of  the  governing  body   except  as  hereinafter provided. Such awards, when applicable, shall be   made  in  compliance  with  paragraph  (e)  of  subdivision   four   and   subdivision  seven  of  section  one  hundred  twenty-w  of  the general   municipal law. In any construction contract, the authority may provide a   program for the payment of damages for delays and  incentive  awards  in   order  to  encourage  timely  project  completion.  An  action,  suit or   proceeding contesting the validity of a  contract  awarded  pursuant  to   this  section, or the validity of the procedures relating to such award,   shall be governed by the provisions of subdivision six  of  section  one   hundred   twenty-w   of   the   general   municipal  law  and  the  term   "municipality" as used in such subdivision six shall mean the authority.2. 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 any  construction   done  under  the contract for such period as shall be stipulated, 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 governing body or  its  duly  authorized   agent.  If  the  bidder  whose  bid  or proposal has been accepted after   advertising shall neglect or refuse to accept the contract  within  five   days  after  written notice that the contract 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. In case  any  work  shall  be  abandoned  by  any   contractor, the authority may, if it determines that the public interest   is  thereby  served,  adopt  on  behalf  of  the  authority  any  or all   subcontracts made  by  such  contractor  for  such  work  and  all  such   subcontractors  shall be bound by such adoption, if made. 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. The authority may adopt, utilize,   ratify and confirm any request  for  proposals,  invitation  for  sealed   bids,   plans,   specifications  and  notices  heretofore  or  hereafter   published by the town with respect to  any  proposed  project,  and  the   authority  may  adopt,  utilize,  ratify, accept and confirm any bids or   proposals submitted to the town and heretofore or hereafter received and   publicly opened by the  town.  The  provisions  of  this  section  shall   supersede  any inconsistent provisions of the general municipal law, and   other general, special or  local  law,  or  the  charter  of  the  town;   provided,  however,  the  provisions of the ethics law of the town shall   apply to the authority and its members. The authority shall be deemed to   be  an  authority  for  purposes   of   section   twenty-eight   hundred   seventy-eight of this chapter.