How many days after a bid must an owner sign specifications and have the bond executed?

The correct answer is based on the requirements set forth in New Jersey statutes regarding construction contracts and bidding processes. After the bid is submitted, the owner typically has a time frame within which they are required to sign the specifications and execute the necessary bonds to formalize the agreement.

In this case, the period is established as 5 days. This timeframe ensures that the owner promptly moves to finalize the contract with the successful bidder, thereby allowing for timely project initiation and adherence to project schedules. Failing to execute the necessary documentation within this designated period could lead to various complications, including delays in project commencement and potential legal issues if the agreement is not formalized quickly.

The other options do not align with the specific requirement stated in New Jersey construction law, which is why they are not the correct choice.