NY Pub Auth L § 1020-S-2 (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 1-A* - Green Island Power Authority 1020-S*2 - Contracts.

* § 1020-s. Contracts. All contracts, or orders, for work, material or   supplies  performed  or furnished in connection with construction or any   procurement 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 for 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 responsible  bidder.  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 interests 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 village of Green   Island upon any debt or  contract,  or  is  a  defaulter  as  surety  or   otherwise  upon  any  obligation of the authority, or the village. 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.* NB There are 2 § 1020-s's