A 3542
Requires certain public contract bid advertisements to contain certified cost estimate ranges, specifies grounds for rejection of all bids, and requires 50% guaranty on bids; designated as the Fairness in Bidding Act.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
The Fairness in Bidding Act aims to increase transparency and competition in public contract bidding processes in New Jersey. It requires bid advertisements to include certified cost estimate ranges, specifies grounds for rejecting bids, and mandates a 50% guaranty on bids. The bill also introduces stricter notification procedures for bid revisions and aims to prevent unfair advantages in procurement.
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Primary sponsors
Anthony Verrelli
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