HI HB573

Allows bidders on public works construction projects two hours after the bid closing deadline to clarify and correct subcontractor listing information in their proposals.

Prohibits bid shopping (using low bids to pressure other subcontractors into submitting lower bids) and bid peddling (subcontractors undercutting known bids to procure work).

Permits substitution of originally listed subcontractors only for three specific reasons: refusal to sign a contract, bankruptcy/insolvency, or inability to perform contractual requirements.

Allows affected subcontractors to pursue monetary damages against prime contractors and substituted subcontractors engaged in bid shopping or bid peddling practices.

Effective July 1, 2055, with a sunset provision repealing the amendments on July 1, 2019.