(a) Advertisement.--If advertisement and bidding are required, the advertisement shall specify the time and place bids will be received and the time and place for the opening of bids.
(b) Bids.--Bids received pursuant to advertisement shall be opened publicly by council or its designated agent. The amount of each bid and any other relevant information as may be specified by council, together with the name of each bidder, shall be disclosed and recorded, and the record shall be open to public inspection.
(c) Award or rejection.--At a public meeting of council, not more than 60 days after the receipt of bids, council shall either award the contract or reject all bids.