Requires boards of education, municipalities, counties, and certain other local contracting units to determine and utilize cost-saving practices when procuring goods and services.

This bill requires school boards, municipalities, counties, and other local government units that purchase goods or services to identify and implement cost-saving practices in their procurement processes. It amends New Jersey's existing procurement laws to mandate that these entities actively evaluate and adopt methods to reduce expenses when making purchases. The requirement applies to all contracts for goods or services, aiming to improve fiscal efficiency across local government operations. The bill does not specify particular cost-saving methods but obligates entities to determine and utilize such practices.