MI HB4707

Amends the Management and Budget Act to require competitive bidding for state purchases unless procurement falls under specific exceptions (emergency situations, delegated agency authority, or declared states of emergency).

Establishes a 10% price preference for qualified disabled veterans in state contract awards, with contracts going to the lowest bidding disabled veteran if they meet solicitation requirements.

Sets an annual goal for the department to award at least 5% of its total expenditures for construction, goods, and services to qualified disabled veterans, including subcontracts, with annual reporting to the legislature.

Requires disclosure of all applicable formulas and pricing comparison methods to potential bidders when soliciting bids for services currently provided by state employees, though actual state costs remain confidential until after contract award.

Defines "qualified disabled veteran" as a business entity at least 51% owned by one or more veterans with service-connected disabilities, with "veteran" defined as someone honorably or generally discharged from the Army, Air Force, Navy, Marine Corps, or Coast Guard.