Loading chat...
CO SB074
Bill
AI Summary
Senate Bill 22-074 Summary
-
Transportation commission must annually contract with a fairness monitor to review procurement processes for transportation projects using alternative contracting methods (any method other than traditional design-bid-build).
-
Fairness monitor must review projects before use of alternative contracting to determine cost/timeline benefits, examine decision-making processes, oversee contractor selection fairness, and report recommendations to a newly created contracting fairness committee.
-
Committee composition includes two transportation commission members, department executive director and chief engineer, one House and one Senate member, and one Colorado Contractors Association representative.
-
For projects using alternative contracting, fairness monitor designates third-party team to monitor procurement fairness; department pays team costs and imposes equal fees on all bidding contractors to generate 50% of monitoring costs.
-
Upon project completion, fairness monitor must review and report actual costs and schedules against original budgets and record any claims, disputes, or litigation arising from the project.
Legislative Description
Transportation Project Procurement Monitoring
Last Action
Senate Committee on Finance Postpone Indefinitely
2/9/2022