21.   A contracting unit may reject all bids for any of the following reasons:

   a.   The lowest bid substantially exceeds the cost estimates for the goods or services;

   b.   The lowest bid substantially exceeds the contracting unit's appropriation for the goods or services;

   c.   The governing body of the contracting unit decides to abandon the project for provision or performance of the goods or services;

   d.   The contracting unit wants to substantially revise the specifications for the goods or services;

   e.   The purposes or provisions or both of P.L.1971, c.198 (C.40A:11-1 et seq.) are being violated;

   f.   The governing body of the contracting unit decides to use the State authorized contract pursuant to section 12 of P.L.1971, c.198 (C.40A:11-12).

   L.1999,c.440,s.21.