§ 18A:18A-27 — Regulations for qualifications of prospective bidders.

18A:18A-27. The State Treasurer may establish reasonable regulations appropriate for controlling the qualifications of prospective bidders upon contracts for public works, the entire cost whereof will exceed the bid threshold, by the amount, class or category of goods or services to be provided or performed which may fix the qualifications required according to the financial ability and experience of the bidders and the capital and equipment available to them pertinent to and reasonably related to the class or category of goods or services to be provided or performed in the performance of any such contract, and may require each bidder to furnish a statement thereof. Such regulations shall be written in a manner: a. Which will not unnecessarily discourage full, free and open competition; or b. Which will not unnecessarily restrict the participation of small business in the public bidding process; or c. Which will not create undue preferences; or d. Which will not violate any other provision of this chapter, or any other law. No qualification rating of any bidder shall be influenced by the bidder's race, religion, sex, national origin, nationality or place of residence. Such regulations shall not be effective unless they have been adopted as provided in the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.). L.1977, c.114; amended 1983, c.266, s.3; 1999, c.440, s.71.