IA HF564

Allows governmental entities to reject the lowest responsive bidder for public improvement construction contracts based on the bidder's experience, number of employees, and ability to finance the project cost, with specific reasons required for rejection

Grants rejected lowest bidders legal standing to challenge the governmental entity's decision through injunction, mandamus, or declaratory relief if the action was fraudulent, arbitrary, in bad faith, or an abuse of discretion

Restricts guaranteed maximum price contracts for public improvements to projects with estimated costs exceeding $150 million

Requires construction manager-at-risk proposals to include proposed costs for general conditions and prohibits any form of contingency in proposed fees and costs; bids containing contingent amounts must be rejected

Changes selection criteria for construction managers-at-risk from "best value" to "lowest cost" based on published selection criteria and ranking evaluation