All bid proposals shall be accepted and acted upon in accordance and in compliance with the Local Contracts Law (NJSA 40A:11 1 et seq.) and instruction to bidders referred to herein above. The award of the contract for this work will not be made until the necessary funds have been provided for by the Owner in a lawful manner. The Owner reserves the right to require a complete financial and experience statement from prospective bidders showing that they have satisfactorily completed work of the nature required before furnishing proposal forms or specifications or before awarding the Contract. a) Either the provision of the N.J. Prevailing Wage Act, Chapter 150 of the laws of 1963, effective January 1, 1964, or Department of Labor, Employment Standards Administration, Minimum Wages for Federal and Federally assisted construction projects promulgated under the Davis Bacon Act, whichever regulation is higher; b) Anti kickback Regulations under Section 2 of the Act of June 13, 1934, known as the Copleand Act; c) Parts 5 and 5A, Subtitle A, Title 29, Code of Federal Regulations with respect to hiring of apprentices and trainees; d) The requirements of NJSA 10:5-31 et seq and NJAC 17:27 Further, the bid must be accompanied by a list of names and addresses of all stockholders owning ten percent (10%) or more of the stock, all in accordance with Chapter 33 of the law of New Jersey, 1977. By order of the Old Bridge Municipal Utilities Authority. Frank Weber, Chairman Old Bridge Municipal Utilities Authority ($86.43) The right is also reserved to reject any or all bids or to waive any informalities where such informality is not detrimental to the best interest of the Owner. The right is also reserved to increase or to decrease the quantities specified in the manner designated in the specifications.
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