N.J. Admin. Code § 19:35-4.11

Current through Register Vol. 57, No. 1, January 6, 2025

Section 19:35-4.11 - Sealed bid process for surplus personal property: bid deposit

(a) Sealed bids submitted in response to a Notice of Solicitation of Sealed Bids shall be accompanied by a bid deposit, if required under the terms of the Notice of Solicitation of Sealed Bids.

(b) When a bid deposit is required, it shall be submitted in the form set forth in the Notice of Solicitation of Sealed Bids, or, if not specified therein, by certified check, bank or cashier's check, or executed money order payable to the "New Jersey Schools Development Authority" or any successor entity.

(c) Failure to comply with a bid deposit requirement shall result in rejection of the bid.

N.J. Admin. Code § 19:35-4.11

Adopted by 54 N.J.R. 647(a), effective 4/4/2022