9 NYCRR § 2522.4 — Adjustment of legal regulated rent (Rent Stabilization Code, via Cornell LII)

Citation
9 NYCRR § 2522.4 — Adjustment of legal regulated rent (Rent Stabilization Code, via Cornell LII)
Jurisdiction
New York (state)
Source verification
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Original Source
https://www.law.cornell.edu/regulations/new-york/9-NYCRR-2522.4 ↗

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(1) The purchases
and contracts, whose costs owner seeks to recover have been awarded on the
basis of analysis and bidding to the fullest extent possible, but with no less
than three bidders having been solicited to perform the work unless the owner
can demonstrate that the work is so highly specialized that such bids cannot be
extended;

(2) List of items for
which owner solicited bids were necessary;

(3) The costs claimed by owner for the major
capital improvement work are accurate and reasonable, provided that the
architect or engineer's basis for such conclusion is fully and credibly
supported;

(4) All changes to the
original agreed upon scope of work were necessary to the underlying major
capital improvement and reasonably priced;

(5) The owner selected the lowest responsible
bidder or the bidder best suited to perform the major capital improvement work,
provided that the architect or engineer's basis for such conclusion is credibly
supported; and

(6) Such other and
additional proof as DHCR may require to ascertain the need for the waiver and
the certification of such reasonable, necessary, verifiable, and eligible
costs.

(b) Certification
by owner that it has complied with bid process requirements including
submission of:

(1) Tabulation of all bids
received; and

(2) Copies of all
bids received; and