Until the actual award and execution of a Contract, the Authority reserves its right to reject all bids Bids must be accompanied by a bid guarantee in the form of certified check, cashier's check, or bid bond drawn to the order of the Authority, for no less than ten percent (10%) of the amount bid, but not in excess of Twenty Thousand Dollars ($20,000), except as otherwise provided by N.J.S.A. 40A:11-21 Notices of revisions or addenda to the bid documents or advertisements shall be provided in accordance with N.J.S.A. 40A:11- 23 no later than seven (7) business days, Saturdays, Sundays and holidays excepted, prior to the date for accepting bids. All bids must be accompanied by an Acknowledgement Form acknowledging the Bidder's receipt of any such notice of revisions or addenda to the advertisement or bid documents. The Authority reserves the right to reject any or all bids pursuant to N.J.S.A. 40A:11-13.2, if deemed to be in the interest of the Authority to do so, to waive any informalities in the bids received, except those informalities which violate any legal requirements, and to accept the lowest responsible bid. Any prospective bidder who wishes to challenge a bid specification or any aspect of the bidding process shall file such challenges in writing with the Authority no less than three (3) business days prior to date specified in this notice for the opening of the bids. Challenges filed after that time shall be considered void and having no impact on the Authority or the award of a contract. No bid may be withdrawn after sixty (60) days of the date specified for the opening of bids except as provided for in N.J.S.A. 40A:11-24. Bidders are required to comply with the requirements of N.J.S.A. 10:5-31 et seq. (L. 1975, c. 127). Bidders are required to comply with the requirements of the Law Against Discrimination in public contracts as set forth in N.J.S.A. 10:5-31 et seq. Bidders are advised that they must familiarize themselves with the current version of the Code of Ethics of the Rahway Valley Sewerage Authority, and the successful bidder shall be bound by such Code of Ethics
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