Section 2656. Contracts

1.  Construction  contracts let by the authority
  shall be in conformity with the applicable  provisions  of  section  one
  hundred thirty-five of the state finance law.
    2.  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.  Any
  construction contract awarded by the authority shall contain such  other
  terms  and conditions as the authority may deem desirable. 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.
    3.  Each contract to which the authority is a party including, but not
  limited to, any contract, lease, grant, bond, covenant,  or  other  debt
  agreement entered into directly or indirectly by the authority financing
  in  whole  or  in  part,  the  construction, demolition, reconstruction,
  excavation,  rehabilitation,  repair,  renovation  or  alteration  of  a
  building  or  an  improvement  to property shall require that employers,
  contractors and sub-contractors shall  comply  with  the  provisions  of
  section two hundred twenty of the labor law.
    4.  For  the  purposes of article fifteen-A of the executive law only,
  the authority shall be deemed a state agency as that  term  is  used  in
  such  article,  and all contracts for procurement, design, construction,
  services and materials  shall  be  deemed  state  contracts  within  the
  meaning of that term as set forth in such article;