New Jersey A3662 prioritizes in-State businesses in State contracting.

New Jersey A3662 mandates that when State agencies consider bids for publicly advertised contracts, they must list bidders based on which bid is most advantageous to the State, considering price and other factors. If an in-State bidder is at the top of the list, the contract will be awarded to them. If no in-State bidder is at the top, the contract will go to the top bidder unless an in-State bidder submits a bid within five percent of the top out-of-State bid. The State Treasurer will implement necessary rules and regulations.

New Jersey A3662 prioritizes in-State businesses in State contracting.

New Jersey A3662 mandates that when State agencies consider bids for publicly advertised contracts, they must list bidders based on which bid is most advantageous to the State, considering price and other factors. If an in-State bidder is at the top of the list, the contract will be awarded to them. If no in-State bidder is at the top, the contract will go to the top bidder unless an in-State bidder submits a bid within five percent of the top out-of-State bid. The State Treasurer will implement necessary rules and regulations.