Passed BothConf. Cmte
- Procurement - Construction Contracts - Contract Modification Clause
- Sponsored by
- Senators Salling, Rosapepe, and Bailey
- In the House - Hearing 3/29 at 1:00 p.m.
- Fiscal and Policy Note (Revised)
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.
Bill File Type: Regular
Effective Date(s): October 1, 2023
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Last Updated: 4/21/2023 11:56 AM