HB 24-1143 CO Became Law
Construction Bidding Cost Thresholds for Department of Transportation Projects
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Summary
The act increases the monetary cost cap at or below which the department of transportation (department) may undertake public projects outside of a competitive bidding process (project cost cap) from $250,000 to $300,000. The department may thereafter annually adjust the project cost cap for inflation, defined as the annual percentage change in the United States department of transportation and federal highway administration's national highway construction cost index or a successor index, and may round the adjusted amount upward to the nearest $5,000. The department must publish this adjusted project cost cap on its website. The act also requires the department to report annually on highway maintenance projects that it completes that cost no more than the project cost cap, including reporting on efficiencies achieved by increasing the project cost cap. APPROVED by Governor April 19, 2024 EFFECTIVE August 7, 2024(Note: This summary applies to this bill as enacted.)
Sponsors (3)
- Marc Catlin Republican · primary
- Faith Winter · primary
- Byron Pelton Republican · primary
Action history (13)
- Apr 19, 2024 Governor Signed · executive
- Apr 10, 2024 Sent to the Governor · executive
- Apr 9, 2024 Signed by the President of the Senate · upper
- Apr 8, 2024 Signed by the Speaker of the House · lower
- Mar 25, 2024 House Considered Senate Amendments - Result was to Concur - Repass · lower
- Mar 22, 2024 Senate Third Reading Passed - No Amendments · upper
- Mar 21, 2024 Senate Second Reading Passed with Amendments - Committee · upper
- Mar 18, 2024 Senate Committee on Transportation & Energy Refer Amended - Consent Calendar to Senate Committee of the Whole · upper
- Feb 15, 2024 Introduced In Senate - Assigned to Transportation & Energy · upper
- Feb 13, 2024 House Third Reading Passed - No Amendments · lower
- Feb 12, 2024 House Second Reading Special Order - Passed with Amendments - Floor · lower
- Feb 7, 2024 House Committee on Transportation, Housing & Local Government Refer Unamended to House Committee of the Whole · lower
- Jan 29, 2024 Introduced In House - Assigned to Transportation, Housing & Local Government · lower
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