New Jersey Assembly Bill 3542: Requires certain public contract bid advertisements to contain certified cost estimate ranges, specifies grounds for rejection of all bids, and requires 50% guaranty on bids; designated as the Fairness in Bidding Act.

New Jersey · 2026-2027 Regular Session

What it does

Requires certain public contract bid advertisements to contain certified cost estimate ranges, specifies grounds for rejection of all bids, and requires 50% guaranty on bids; designated as the Fairness in Bidding Act.

Latest action

Introduced, Referred to Assembly State and Local Government Committee (2026-01-13)

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