by Johnny62 on November 9th, 2009

Johnny62

Question

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We are an HOA in New Jersey. Does the Board absolutely need three bids for every contract as it expires or can they simply renew if pleased with performance of existing contractor(s)?

Answers. 1 helpful answer below.

  • by JHKatz9 on November 19th, 2009

    JHKatz9

    No, you can renew without new bids, but it is always a good practice to seek new bids to ensure the vendor remains competitive.

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