HI HB573

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

Prohibits bid shopping and bid peddling practices, allowing originally listed subcontractors to recover monetary damages against prime contractors and substituted subcontractors who engage in these practices.

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

Defines "bid shopping" as using a low bid to pressure other subcontractors into submitting lower bids and "bid peddling" as attempts by subcontractors to undercut known bids.

Effective July 1, 2055, with a sunset provision that repeals section 2 and restores prior law on July 1, 2019.