IA SSB1168

Restricts governmental entities from entering into guaranteed maximum price construction contracts unless the estimated project cost exceeds $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 contractor selection criteria from "best value" to "lowest cost" based on published selection criteria and ranking evaluation

Mandates that when estimated trade contract work and materials exceed the competitive bid threshold, the construction manager-at-risk must direct the licensed engineer, architect, or landscape architect to prepare and make available plans and specifications

Allows construction managers-at-risk to self-perform work on trade packages below the competitive bid threshold, while requiring governmental entity oversight for trade packages where the manager submits a bid to self-perform