N.J. Admin. Code § 5:34-7.20

Current through Register Vol. 56, No. 23, December 2, 2024
Section 5:34-7.20 - Binding estimate option

Notwithstanding any of the restrictions or conditions set forth in this chapter, the lead agency of a cooperative purchasing system shall determine prior to the solicitation of bids whether the estimates submitted by a duly registered member of the system shall be considered firm and binding or a member may withdraw its estimate even after a supplier has been selected. The mechanism for determining systemwide consensus shall be the responsibility of the lead agency.

N.J. Admin. Code § 5:34-7.20

New Rule, R.2000 d.485, effective 12/4/2000.
See: 32 New Jersey Register 3237(a), 32 New Jersey Register 4300(a).
Former N.J.A.C. 5:34-7.20, Authority of Director, recodified to N.J.A.C. 5:34-7.31.