LA SB151

Reduces public notice period for competitive sealed bids from 10 days to 5 days, except for state agency housing leases which require 20 days notice

Increases threshold for consulting service contracts requiring competitive bidding from $75,000 to $150,000 for a 12-month period, and raises the Department of Transportation and Development threshold from $50,000 to $150,000

Shifts procurement advertising from mandatory publication in the official state journal to a centralized electronic interactive environment administered by the Division of Administration, with print publication now optional

Establishes new protest bond requirements where protesters must post a bond equal to 25% of the contract value to obtain a stay of an award during the protest period

Increases lease advertisement threshold from 5,000 to 10,000 square feet for privately owned buildings, and exempts storage unit leases of 1,000 square feet or less from commissioner of administration approval