FL S0504

Revises disclosure requirements for public bidding documents and contracts to require local governments identify all permits, fees, and other governmental entities that may generate additional permits or fees for construction projects.

Expands the definition of "cost" in public construction bidding to include employee compensation and benefits, equipment maintenance and insurance costs, direct materials, and adds a 20 percent factor for management, overhead, and indirect costs.

Requires local governments considering in-house construction projects to provide 21-day public notice, hold public meetings, and consider fully-loaded project costs including the 20 percent management factor when determining if public performance is in the public's best interest.

Mandates local governments that perform projects with their own services and employees submit annual reports to the governing board detailing estimated versus actual project costs, with the Auditor General required to review these reports during audits.

Updates road and bridge construction cost estimation requirements in section 336.41 to include the same comprehensive cost accounting methodology for determining project eligibility thresholds.