Section 1226-T. Contracts

All contracts for construction shall be let by
  the authority in conformity with the applicable  provisions  of  section
  one  hundred  thirty-five  of  the state finance law and shall be let in
  accordance with the provisions of state  law  pertaining  to  prevailing
  wages, labor standards and working hours.
    The authority may, in its discretion, assign contracts for supervision
  and  coordination  to  the successful bidder for any subdivision of work
  for which the authority receives bids. The authority shall not award any
  construction contract except to the lowest bidder who, in  its  opinion,
  is  qualified  to  perform  the work required and who is responsible and
  reliable. The authority may, however, reject any or all  bids  or  waive
  any informality in a bid if it believes that the public interest will be
  promoted  thereby. The authority may reject any bid if, in its judgment,
  the business and technical  organization,  plant,  resources,  financial
  standing,  or  experience of the bidder justifies such rejection in view
  of the work to be performed.