Section 2768. 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. In the case of industrial
  projects, whenever the authority determines that trade secrets or  other
  confidential   information  about  the  prospective  project  occupant's
  business operations, products, processes or designs would be revealed by
  public bidding, the requirements of section one hundred  thirty-five  of
  the  state finance law with respect to public bidding may be waived.  In
  such event, separate specifications shall be prepared for, and  separate
  and independent contracts shall be entered into, for the following three
  subdivisions  of work to be performed: (a) plumbing and gas fitting; (b)
  steam heating, hot  water  heating,  ventilating  and  air  conditioning
  apparatus;  and  (c) electric wiring and standard illuminating fixtures.
  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.