Pallette Stone (NY) Post Bid Price Reduction.pdf

The document discusses a legal case involving Pallette Stone Corporation, the State of New York Office of General Services, and other respondents regarding a contract for bituminous concrete. The issue revolves around whether a contractor can voluntarily reduce prices after bids are opened on a multiple award contract. The court determines that post-bid price reductions can be allowed if they meet certain conditions and benefit the public interest without favoritism or corruption. The court dismisses the petition/complaint, upholding the validity of the purchasing memorandum dated March 14, 1996, and declaring that it does not violate section 163 of the State Finance Law.