HB 24-1143

House Bill 24-1143 increases the threshold for Department of Transportation projects that can be done without competitive bidding from $250,000 to $300,000. This means smaller transportation projects under this new limit won't need a full bidding process, potentially making them quicker and more efficient to complete. The bill also allows the department to adjust this threshold for inflation each year and requires it to report on how these changes affect highway maintenance projects. The governor signed the bill into law, and it will take effect on August 7, 2024.

Official 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.)

Votes