N.J. Admin. Code § 19:34B-4.2

Current through Register Vol. 56, No. 11, June 3, 2024

Section 19:34B-4.2 - Assignment of specific contracts and Authority execution

(a) Upon the offer of the grant agreement, the Authority shall take all necessary steps to assign the construction administration and project close out portion of the design consultant contract to the SDA school district, in accordance with the grant agreement and 19:34B-4.1, upon the Authority's approval of the completed bid specifications.

(b) If the Authority has engaged a construction manager for the project, the Authority shall, at the time of offer of the grant agreement, take all necessary steps to assign the construction manager contract to the SDA school district, in accordance with the grant agreement and 19:34B-4.1.

(c) Upon receipt of the executed agreement(s) for assignment and assumption from the school district in accordance with 19:34B-4.1(b), the Authority shall execute the agreement for assignment and assumption, thereby granting and assigning to the school district all liabilities, duties and obligations of the Authority arising out of or relating to the assigned contract or portion thereof, from the date of the agreement for assignment and assumption forward.

N.J. Admin. Code § 19:34B-4.2