18A:64A-25.18 - Time for making awards; deposits returned - New Jersey Statutes

18A:64A-25.18.  Time for making awards;  deposits returned
    The county college shall award the contract or reject all bids within such time as may be specified in the specifications or other documents issued to all  bidders, but in no case more than 60 days, except the bids of any bidders who  consent thereto, either before or after said 60 day period, may, at the request  of the county college, be held for consideration for such longer period as may  be agreed.  All bid security except the security of the three apparent lowest  responsible bidders shall, if requested, be returned within 30 days from the  opening of the bids, Sundays and holidays excepted, and the bids of such  bidders shall be considered as withdrawn. Within 3 days, Sundays and holidays  excepted, after the awarding of the contract and the approval of the successful  bidder's performance bond, if any, the bid guaranty of the remaining bidders  shall be returned to them.

     L.1982, c. 189, s. 18, eff. Jan. 1, 1983.