N.Y. Public Authorities Law § 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