Modifies use of cooperative purchasing agreements by certain public contracting units for construction services; prohibits time-and-materials contracts in certain circumstances; allows indefinite delivery, indefinite quantity public contracts in certain circumstances.

This bill modifies how New Jersey public entities (like counties, municipalities, school districts, and universities) purchase construction services. It requires cost-effectiveness reviews before using cooperative purchasing agreements with other states or localities, bans time-and-materials contracts for public works projects covered by prevailing wage laws, and allows indefinite delivery/quantity contracts for goods or services without final project plans. The changes aim to streamline procurement while ensuring competitive bidding and compliance with prevailing wage requirements. The bill directly affects all contracting units authorized to purchase goods or contract for services under New Jersey law.