CA SB713

Requires the Director of General Services to issue an Employee Stock Ownership Plan (ESOP) contractor certificate to qualified contractors that present a valid IRS determination letter, with certificates renewed every 3 years

Establishes a tiered bid preference system for Department of Transportation state-funded construction contracts beginning January 1, 2027: 2% preference for 30-74% ESOP ownership, 3% for 75-99% ownership, and 4% for 100% ownership

Provides an additional 1% bid preference for qualified ESOP contractors whose employees are covered by a collective bargaining agreement or master labor agreement

Authorizes the California Employee Ownership Hub Manager to compile and maintain a list of qualified contractors that have received ESOP certification

Redefines "qualified contractor" as a business currently registered with the Department of Industrial Relations as a public works contractor