N.Y. Urban Development Corporation Act 174/68 § 11: Construction contracts

§ 11. Construction contracts. (1) Construction contracts let by the

corporation shall be in conformity with the applicable provisions of

section one hundred thirty-five of the state finance law, provided,

however, that construction contracts let by subsidiaries of the

corporation which are housing companies shall be governed by the

applicable provisions of the private housing finance law; provided

further, however, that in the case of industrial projects, whenever the

corporation determines that trade secrets or other confidential

information about the prospective project occupant's business

operations, products, processes or designs would be revealed by public

bidding, the requirements of section one hundred thirty-five of the

state finance law with respect to public bidding may be waived. In such

event, separate specifications shall be prepared for, and separate and

independent contracts shall be entered into, for the following three

subdivisions of work to be performed: (a) plumbing and gas fitting; (b)

steam heating, hot water heating, ventilating and air conditioning

apparatus; and (c) electric wiring and standard illuminating fixtures.

(2) The corporation may, in its discretion, assign contracts for

supervision and coordination to the successful bidder for any

subdivision of work for which the corporation receives bids. Any

construction contract awarded by the corporation shall contain such

other terms and conditions as the corporation may deem desirable. The

corporation shall not award any construction contract except to the

lowest bidder who, in its opinion, is qualified to perform the work

required and who is responsible and reliable. The corporation may,

however, reject any or all bids or waive any informality in a bid if it

believes that the public interest will be promoted thereby. The

corporation may reject any bid if, in its judgment, the business and

technical organization, plant, resources, financial standing, or

experience of the bidder justifies such rejection in view of the work to

be performed.