8. Not to recognize auction or Dutch auction: No consideration or action shall be taken in relation to a contract on any bid that has been made after the time or date specified in a notice published under Section 5 for an auction or Dutch auction or made in any place other than the place specified in the notice for that act or made by post, phone or telegraph: No consideration or action shall be taken in relation to a contract on any bid that has been made after the time or date specified in a notice published under Section 5 for an auction or Dutch auction or made in any place other than the place specified in the notice for that act or made by post, phone or telegraph