Increases public bidding threshold for certain public research universities.

This bill raises the public bidding threshold for contracts at New Jersey's public research universities where workers are not subject to the New Jersey Prevailing Wage Act from current levels (ranging from $17,700 to $33,000) to $100,000. The bill affects Rowan University, Montclair State University, Kean University, and the New Jersey Institute of Technology. The threshold will be adjusted every two years based on the Consumer Price Index. Universities will no longer need to publicly advertise for bids for contracts under this higher threshold, streamlining procurement processes.