S.B. 1391 Summary

• Authorizes the Procurement Policy Board to adopt rules requiring consideration of life-cycle costs in state and county procurements.

• Defines "life-cycle costs" as the sum of present values of investment, capital, installation, energy, operating, maintenance, and disposal costs over a project's lifetime.

• Requires the board to establish standards for determining which procurements need life-cycle cost analysis, methods for calculating those costs, and criteria for weighing them in bid evaluation.

• Mandates that contract modifications and value engineering provisions cannot result in net increases to total costs, including operating, maintenance, and disposal costs to the State or counties.

• Takes effect July 1, 2112.