Raises the threshold for sealed bids on commodities and public works contracts in New York.

New York Assembly Bill A10214 amends the General Municipal Law to increase the threshold for sealed bids on commodities from $20,000 to $75,000 and on public works from $35,000 to $125,000. The bill specifies that contracts for public work and purchase contracts exceeding these amounts must be awarded to the lowest responsible bidder after advertisement for sealed bids. It also allows for the use of best value for awarding contracts in certain circumstances, subject to local law or resolution authorization. The bill takes effect immediately upon enactment.

Raises the threshold for sealed bids on commodities and public works contracts in New York.

New York Assembly Bill A10214 amends the General Municipal Law to increase the threshold for sealed bids on commodities from $20,000 to $75,000 and on public works from $35,000 to $125,000. The bill specifies that contracts for public work and purchase contracts exceeding these amounts must be awarded to the lowest responsible bidder after advertisement for sealed bids. It also allows for the use of best value for awarding contracts in certain circumstances, subject to local law or resolution authorization. The bill takes effect immediately upon enactment.