New Jersey S3525 mandates local contracting units to adopt cost-saving practices when procuring goods and services.

New Jersey S3525 requires boards of education, municipalities, counties, and certain local contracting units to determine and utilize cost-saving practices when procuring goods and services. The bill mandates that a cost savings analysis, developed by the Division of Local Government Services in the Department of Community Affairs, must include factors such as charges for service, materials, delivery, soft costs, costs of acquisition, and other costs of traditional bidding.

New Jersey S3525 mandates local contracting units to adopt cost-saving practices when procuring goods and services.

New Jersey S3525 requires boards of education, municipalities, counties, and certain local contracting units to determine and utilize cost-saving practices when procuring goods and services. The bill mandates that a cost savings analysis, developed by the Division of Local Government Services in the Department of Community Affairs, must include factors such as charges for service, materials, delivery, soft costs, costs of acquisition, and other costs of traditional bidding.