Current through Register Vol. 54, No. 7, April 4, 2022
recipient shall expeditiously initiate and complete the project in accordance
with the project schedule contained in the Fund loan agreement. Failure to
promptly initiate and complete a project may result in the imposition of
sanctions included in this subchapter.
(b) The recipient shall not advertise any
contract or any addendum thereto for the building of the project until
authorization to advertise the contract or any addendum thereto has been
granted by the Department. Further, the recipient shall be required to execute
the engineering agreement for building services prior to, or concurrently with,
receipt of authorization to advertise. The recipient shall transmit an executed
copy of the engineering agreement for building services to the Department
immediately upon its execution.
The recipient shall not award any subagreement(s) until authorization to award
has been given by the Department.
(d) The recipient and the contractor to whom
the subagreement(s) has been awarded shall attend a preconstruction conference
with Department personnel prior to the issuance of a notice to
(e) The recipient shall
award the subagreement(s) and issue notice(s) to proceed, where required, for
building all significant elements of the project no later than 12 months after
the loan closing, unless a specific extension has been approved by the
Failure to promptly
award all subagreement(s) for building the project shall result in a limitation
on allowable costs in accordance with
N.J. Admin. Code §
Amended by R.1992 d.42,
See: 23 New Jersey Register 3282(a), 24 New Jersey Register
Requirements added at (b).
Amended by R.2000
d.284, effective 7/3/2000.
See: 32 New Jersey Register 363(a), 32 New Jersey Register
In (f), amended the N.J.A.C. reference.
Amended by R.2003 d.401, effective 10/6/2003.
See: 35 New Jersey
Register 1475(a), 35 New Jersey Register 4719(a).