Legislation
- Title
- Procurement - Construction Contracts - Contract Modification Clause
- Sponsored by
- Senators Salling, Rosapepe, and Bailey
- Status
- In the House - Hearing 3/29 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Requiring a procurement contract for construction to include a clause providing for contract modification when there is a substantial increase or decrease in the price of materials required to complete the contract, according to prevailing average market prices and as determined by the unit, due to certain factors.
Committees
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): October 1, 2023
History
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File Code
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Subjects
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Statutes
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(
13-201, 13-218 )
Last Updated: 6/9/2023 3:03 PM