N.J. Admin. Code § 5:34-5.6

Current through Register Vol. 56, No. 23, December 2, 2024

Section 5:34-5.6 - Reverse auctions generally

(a) A local unit may only utilize a reverse auction for purchases of energy and commodities.

(b) If the local unit is utilizing an electronic procurement platform with a reverse auction format, the local unit shall publish all required notices and advertisements in one or more newspapers pursuant to the Local Public Contracts Law or Public School Contracts Law, as applicable. In addition to the content required pursuant to N.J.A.C. 5:34-5.5(a)1, the advertisement shall also include the period when bids will be accepted and reference the local unit's right to reject all bids pursuant to law. Bidding must either take place, or close, no earlier than 10 days after the date of newspaper publication.

(c) Bidders shall not be able to view the identity of other bidders in the reverse auction while the auction is in progress.

(d) Unless otherwise specified under this subchapter, all bidders shall upload, to the platform, any documents or information that are required to accompany a bid pursuant to the Local Public Contracts Law or the Public School Contracts Law by no later than when a bidder places its first bid.

(e) The Director shall have the sole discretion to establish a pilot program evaluating the feasibility of reverse auctions for other goods and services procurements.

N.J. Admin. Code § 5:34-5.6

Adopted by 53 N.J.R. 501(a), effective 4/5/2021