Construction Bidding Cost Thresholds for Department of Transportation Projects
HB24-1143
LAST ACTION: 04/19/2024 | Governor Signed
Concerning construction bidding cost thresholds for department of transportation projects.
SESSION: 2024 Regular Session
SUBJECT: State Government
BILL SUMMARY
The bill adds an inflationary adjustment to the monetary cost cap at or below which the department of transportation may undertake public projects outside of a competitive bidding process (project cost cap). The bill also requires the department of transportation to report annually on highway maintenance projects that cost no more than the project cost cap.
(Note: This summary applies to this bill as introduced.)