(70 ILCS 200/155-55)
Sec. 155-55.
Contracts.
All contracts for
sale of property of the 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 thereof will
exceed $10,000, shall be let to the lowest responsible bidder, after
advertising for bids, except: (1) when repair parts, accessories, equipment
or services are required for equipment or services previously furnished or
contracted for; (2) when the nature of the services required is such that
competitive bidding is not in the best interest of the public, including,
without limiting the generality of the foregoing, the services of
accountants, architects, attorneys, engineers, financial advisors,
investment bankers, physicians, superintendents of construction, and others
possessing a high degree of skill; and (3) when services such as water,
light, heat, power, telephone or telegraph are required.
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.
In determining the responsibility of any bidder, the Board may take into
account the past record 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
such contract 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 of
the
members of the Board, and unless such 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.
Members of the Board, officers and employees of the Authority, and their
relatives within the fourth 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.
The Board shall have the right to reject all bids and to readvertise for
bids. If after any such advertisement no responsible and satisfactory bid,
within the terms of the advertisement, shall be received, the Board may
award such contract, without competitive bidding, provided that it shall
not be less advantageous to the Authority than any valid bid received
pursuant to advertisement.
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.)
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