HB 24-1143 Summary

• Increases the project cost threshold for Department of Transportation construction projects from $250,000 to $300,000, above which the department must submit cost estimates when undertaking projects without competitive bidding.

• Establishes annual inflation adjustment of the $300,000 threshold based on the U.S. Department of Transportation and Federal Highway Administration's National Highway Construction Cost Index, with adjustments rounded upward to the nearest $5,000.

• Requires the Department of Transportation to publish the annually adjusted project cost cap on its website for public transparency.

• Updates reporting requirements to the Transportation Commission and Transportation Legislation Review Committee to identify highway maintenance projects between $150,000 and the adjusted project cost cap, including information on departmental completion, competitive bidding awards, or failed bid solicitations.

• Requires annual reporting of any program efficiencies or additional funding accountability achieved by the Department of Transportation as a result of the increased project cost cap.