(70 ILCS 200/140-50)
Sec. 140-50.
Contracts.
(a) All contracts for the sale of property of a value of more
than $10,000 or for a concession in or lease of property, including air
rights, of the Authority for a term of more than one year shall be awarded
to the highest responsible bidder after advertising for bids. All
construction contracts and contracts for supplies, materials, equipment, and
services, when the expense will exceed $10,000, shall be let to the
lowest responsible bidder after advertising for bids, except (i) when
repair parts, accessories, equipment, or services are required for equipment
or services previously furnished or contracted for, (ii) when the nature of
the services required is such that competitive bidding is not in the best
interest of the public, including without limitation
the services of accountants, architects, attorneys, engineers,
physicians, superintendents of construction, and others possessing a high
degree of skill, and (iii) when services such as water, light, heat, power,
telephone, or telegraph are required.
(b) All contracts involving less than $10,000 shall be let by competitive
bidding to the lowest responsible bidder whenever possible and, in any
event, in a manner calculated to ensure the best interests of
the public.
Competitive bidding is not required for the lease of real estate or
buildings owned or controlled by the Authority. The Board is empowered to
offer those leases upon terms it deems advisable.
(c) In determining the responsibility of any bidder, the Board may take
into account the past records of dealings with the bidder, the bidder's
experience, adequacy of equipment, and ability to complete performance
within the time set, and other factors besides financial responsibility,
but in no case shall any contracts be awarded to any other than the highest
bidder (in case of sale, concession, or lease) or the lowest bidder (in
case of purchase or expenditure) unless authorized or approved by a vote of
at least 5 members of the Board and unless the action is accompanied by a
statement in writing setting forth the reasons for not awarding the
contract to the highest or lowest bidder, as the case may be, which
statement shall be kept on file in the principal office of the Authority
and open to public inspection.
(d) Members of the Board, officers and employees of the Authority, and their
relatives within the third degree of consanguinity by the terms of the
civil law are forbidden to be interested directly or indirectly in any
contract for construction or maintenance work or for the delivery of
materials, supplies, or equipment.
(e) The Board shall have the right to reject all bids and to readvertise
for bids. If no responsible and satisfactory bid within the terms of the
advertisement is received, the Board may award the contract without
competitive bidding if the contract is not less advantageous to the
Authority than any valid bid received in response to advertisement.
(f) The Board shall adopt rules and regulations to carry into effect the
provisions of this Section.
(Source: P.A. 93-491, eff. 1-1-04.)
|