Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

Code · New Jersey · Title 52 — Savings and Loan Associations [Repealed] · Chapter 34A

52:34A-7 Criteria required for electronic procurement processes.

345 words·~2 min read·/nj/title-52/chapter-34a/52-34a-7

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

7. The regulations promulgated by the State Treasurer pursuant to section 5 of P.L.2020, c.59 (C.52:34A-5) shall require that electronic procurement processes meet certain criteria, which may include, but shall not be limited to, the following requirements:
a. allow for a business or company that creates or provides software to effectuate electronic procurement to provide those services pursuant to P.L.2020, c.59 (C.52:34A-1 et al.), if the business or company has prior experience providing electronic procurement services to the State and to other public entities, including, but not limited to, experience prior to the effective date of P.L.2020, c.59 (C.52:34A-1 et al.);
b. allow public contracting units to advertise bids and distribute bidding documents including plans and specifications;
c. be a closed loop system that allows contractors, vendors, and bidders, to receive bid solicitations and documentation, as well as submit bids electronically;
d. provide a digital lockbox that ensures bid information cannot be accessed by a third party before the bid deadline, including an electronic bidding servicer or the State;
e. allow bids to be encrypted upon submission and when in the digital lockbox;
f. use digital signature technology and provide for identity verification;
g. allow for electronic bid validation;
h. allow bids to be withdrawn and resubmitted by the vendor or bidder at any point up to the published bid deadline;
i. allow addenda to be issued electronically with addenda automatically applied to the online bid form;
j. provide capabilities to create and edit templates of bid forms;
k. provide the means for the State to require data types, including but not limited to numeric prices;
l. alert contractors, vendors, and bidders of missing required data;
m. provide email notification to contractors, vendors, and bidders of issuance of bid advertisement and addenda;
n. provide commodity or classification codes as required by the contracting agency to allow for targeted notifications to contractors, vendors, and bidders;
o. provide system implementation services and training to public contracting units at no cost; and
p. offer scheduled training webinars for contractors, vendors, and bidders at no cost.
L.2020, c.59, s.7.
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.