This bill mandates that contracts for professional services, such as architectural, engineering, and land surveying, awarded by the Port Authority of New York and New Jersey, the Delaware River Port Authority, and the Delaware River and Bay Authority must follow a competitive contracting process. It stipulates that these contracts must be publicly announced before being awarded and negotiated based on the demonstrated competence and qualifications of the firms involved, ensuring fair and reasonable compensation. The bill outlines the procedures for firms to submit their qualifications and the criteria for evaluating proposals, emphasizing transparency and accountability in the selection process.

Additionally, the bill includes provisions that allow the authorities to solicit proposals unique to specific contracts and to negotiate with the top-ranked firms based on their qualifications and fee proposals. If negotiations with the most qualified firm fail, the authorities are required to proceed with the next qualified firm until a satisfactory agreement is reached. The bill also allows for alternative procurement processes if mandated by federal requirements or during a declared state of emergency. The implementation of this bill is contingent upon similar legislation being enacted in New York, Pennsylvania, and Delaware.