Raises the aggregate amount for sealed bids for commodities and public works in New York.

The bill amends the general municipal law to increase the threshold amounts for sealed bids. For commodities, the amount increases from $20,000 to $80,000. For public works, the amount increases from $35,000 to $125,000. Contracts exceeding these amounts must be awarded to the lowest responsible bidder after advertisement for sealed bids. The bill also allows for electronic submission of bids and offers, provided the political subdivision authorizes it.

Raises the aggregate amount for sealed bids for commodities and public works in New York.

The bill amends the general municipal law to increase the threshold amounts for sealed bids. For commodities, the amount increases from $20,000 to $80,000. For public works, the amount increases from $35,000 to $125,000. Contracts exceeding these amounts must be awarded to the lowest responsible bidder after advertisement for sealed bids. The bill also allows for electronic submission of bids and offers, provided the political subdivision authorizes it.