Cuomo has threatened to veto the bill, citing concerns the law could slow the process
of bid awards and harm small businesses run by minority contractors.
The
sealed bid award is based solely on the «Lowest Responsive / Responsible bidder.»
In these auctions, all successful bidders are awarded securities at the same price, which is the price equal to the highest rate, yield or discount margin of the
competitive bids awarded.
State Comptroller Thomas DiNapoli's spokeswoman, Kate Gurnett, said the awarding of the contract is «under review,» and that the office had received LI Cleantech's request for an investigation under its legal authority to examine whether
the bid award was fair.
ALBANY — A U.S. Attorney has subpoenaed the State University of New York Polytechnic Institute for records involving
the bids it awarded for the «Buffalo Billion» economic development project, a source told Newsday yesterday.