CA AB2278

Increases maximum preference and incentive for Target Area Contract Preference Act bidders from $50,000 to $350,000 per bid, and combined maximum from $100,000 to $400,000.

Modifies small business preference calculations to equal 5% of the lowest responsible nonsmall business bidder's bid price (instead of fixed amounts).

Raises maximum preference limits under Small Business Procurement and Contract Act from $50,000 to $350,000 per contract award, with combined maximum increasing from $100,000 to $400,000.

Requires the $350,000 maximum preference cost be applied to multiple contract awards to maximize small business participation.

Maintains small business and microbusiness precedence over nonsmall business bidders in contract awards.