HI SB462 | 2025 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Introduced on January 16 2025 - 25% progression
Action: 2025-01-28 - The committee(s) on GVO deferred the measure until 01-30-25 3:01PM; Conference Room 225.
Pending: Senate Government Operations Committee
Hearing: Jan 30 @ 3:01 pm in Conference Room 225
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 16 2025 - 25% progression
Action: 2025-01-28 - The committee(s) on GVO deferred the measure until 01-30-25 3:01PM; Conference Room 225.
Pending: Senate Government Operations Committee
Hearing: Jan 30 @ 3:01 pm in Conference Room 225
Text: Latest bill text (Introduced) [HTML]
Summary
Requires all performance incentive contracts to specify a pricing basis, performance goals, and a formula in calculating the contractor's profit, fees, or price decrease if the specified performance goals are exceeded or not met. Allows moneys remaining in the contract budget after project completion to be divided between the State and contractor if the contractor has met or exceeded all performance goals specified in the contract.
Title
Relating To Procurement Contracts.
Sponsors
| Sen. Henry Aquino [D] | Sen. Stanley Chang [D] | Sen. Kurt Fevella [R] | Sen. Mike Gabbard [D] |
| Sen. Troy Hashimoto [D] | Sen. Tim Richards [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-28 | Senate | The committee(s) on GVO deferred the measure until 01-30-25 3:01PM; Conference Room 225. |
| 2025-01-24 | Senate | The committee(s) on GVO has scheduled a public hearing on 01-28-25 3:00PM; Conference Room 225 & Videoconference. |
| 2025-01-21 | Senate | Referred to GVO, WAM. |
| 2025-01-16 | Senate | Passed First Reading. |
| 2025-01-16 | Senate | Introduced. |
