New York S01432 allows in-state suppliers to receive preference in certain contract awards by the state.
New York S01432 amends the state finance law to allow for in-state suppliers to receive preference in certain situations when the state is awarding contracts. This applies when the lowest responsible bidder is not an existing in-state supplier. An existing in-state supplier can match the bid of the lowest responsible bidder if their bid is not more than fifteen percent greater. This act takes effect immediately.
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