T3152 Attachment 1 State of NJ Standard Terms and Conditions Rev. 2.8.24.pdf

This document contains the State of New Jersey Standard Terms and Conditions (revised February 8, 2024) issued by the Department of the Treasury - Division of Purchase and Property. The document outlines the standard terms and conditions that apply to all contracts and purchase agreements made with the State of New Jersey, including requirements for business registration, ownership disclosure, affirmative action compliance, anti-discrimination policies, MacBride principles, and various other regulatory compliance requirements.

The terms detail payment conditions including price fluctuation policies, tax exemption status (State Federal Excise Tax Exemption number 22-75-0050K), payment terms requiring payment within 60 days of receipt of properly executed payment vouchers, and availability of p-card payment options. The document includes specific requirements for federally funded contracts, including provisions for small and minority business participation, domestic preference requirements, and compliance with various federal regulations such as the Davis-Bacon Act, Clean Air Act, and Federal Water Pollution Control Act. The terms also outline insurance requirements including Commercial General Liability Insurance with minimum limits of $1,000,000 per occurrence and Worker's Compensation Insurance with limits of $1,000,000 for bodily injury and disease.