New York Laws
Title 1-A* - Green Island Power Authority
1020-S*2 - Contracts.

* § 1020-s. Contracts. All contracts, or orders, for work, material or
supplies performed or furnished in connection with construction or any
procurement shall be awarded by the authority pursuant to resolution.
Such contracts, or orders, for work, material or supplies needed for any
particular purpose involving an expenditure for more than five thousand
dollars shall be awarded only after inviting sealed bids or proposals
therefor. The notice inviting sealed proposals shall be published at
least once in a newspaper or trade paper selected by the authority for
such purpose, such publication to be at least ten days before the date
for the receipt of bids. If the authority shall not deem it for the
interest of the authority to reject all bids, it shall award the
contract to the lowest responsible bidder. The bidder whose bid is
accepted shall give security for the faithful performance of the
contract, and such other security as the authority may require, and may
be required to maintain for such period as shall be stipulated any
construction done under the contract, all in the manner prescribed and
required by the authority; and the sufficiency of such security shall,
in addition to the justification and acknowledgment, be approved by the
authority. All bids or proposals shall be publicly opened by the
authority or its duly authorized agent. If the bidder whose bid has been
accepted after advertising shall neglect or refuse to accept the
contract within five days after written notice that the same has been
awarded to him on his bid or proposal, or, if he accepts but does not
execute the contract and give proper security the authority shall have
the right to declare his deposit forfeited, and thereupon it shall be
readvertised and relet as above provided. In case any work shall be
abandoned by any contractor, the authority may, if the best interests of
the authority be thereby served, adopt on behalf of the authority any or
all sub-contracts made by such contractor for such work and all such
sub-contractors shall be bound by such adoption if made; and the
authority shall in the manner provided herein readvertise and relet the
work specified in the original contract exclusive of so much thereof as
shall be provided for in the sub-contract or sub-contracts so adopted.
No bid shall be accepted from or any contracts awarded to, any person or
corporation who is in arrears to the authority, or the village of Green
Island upon any debt or contract, or is a defaulter as surety or
otherwise upon any obligation of the authority, or the village. Every
contract involving an expenditure of more than five thousand dollars
when made and entered into as herein provided for shall be executed in
duplicate, one copy of which shall be held by the authority and one copy
of which shall be delivered to the contractor.

* NB There are 2 § 1020-s's