Any purchase, contract, or agreement may be made, negotiated, or awarded pursuant to section 2 of P.L. 1981, c.447 (C.5:10-21.2) when:
a. Standardization of equipment and interchangeability of parts is in the public interest;b. Only one source of supply or service is available;c. The safety or protection of the authority's or other public property requires;d. The exigency of the authority's service will not admit of advertisement;e. More favorable terms can be obtained from a primary source of supply of an item or service;f. Bid prices, after advertising, are not reasonable or have not been independently arrived at in open competition; but no negotiated purchase, contract, or agreement may be entered into under this subsection after the rejection of all bids received unless (1) notification of the intention to negotiate and reasonable opportunity to negotiate is given to each responsible bidder; (2) the negotiated price is lower than the lowest rejected bid price of a responsible bidder; and (3) the negotiated price is the lowest negotiated price offered by any responsible contractor;g. The purchase is to be made from, or the contract is to be made with, the federal or any state government or agency or political subdivision thereof; orh. Purchases are to be made through or by the Director of the Division of Purchase and Property pursuant to section 1 of P.L. 1959, c.40 (C.52:27B-56.1), or through a contract made by any of the following: the Hackensack Meadowlands Development Commission established under section 5 of P.L. 1968, c.404 (C.13:17-5); the New Jersey Highway Authority established under section 4 of P.L. 1952, c.16 (C.27:12B-4); the New Jersey Turnpike Authority established under section 3 of P.L. 1948, c.454 (C.27:23-3); the New Jersey Water Supply Authority established under section 4 of P.L. 1981, c.293 (C.58:1B-4); the South Jersey Transportation Authority established under section 4 of P.L. 1991, c.252 (C.27:25A-4); the Port Authority of New York and New Jersey established under R.S. 32:1-4; the Delaware River Port Authority established under R.S. 32:3-2; the Higher Education Student Assistance Authority established under N.J.S. 18A:71A-3.L.1981, c.447, s.4; amended c. 440, s. 83.