Absent a cancellation of a solicitation of sealed bids, or a rejection of all bids in accordance with N.J.A.C. 19:35-5.27, the award of a disposition of surplus real property shall go to the highest bidder meeting all of the terms and conditions set forth in the advertised Notice of Solicitation of Sealed Bids.
N.J. Admin. Code § 19:35-5.26