MS SB2868

Adds definition of "construction project" to Mississippi Code to include planning, design, preparation, and performance of new capital improvements, alterations, renovations, repairs, demolition, or decommissioning of structures or infrastructure with defined scope, timeline, and budget.

Authorizes agencies and governing authorities to enter into term contracts for commodities and equipment for periods up to 60 months, with contracts exceeding 24 months subject to ratification or cancellation by subsequent boards.

Establishes indefinite delivery, indefinite quantities contracts for public construction limited to 6-month advance periods, one base year with up to three option years, and maximum expenditures of $3,000,000 per base and option year.

Restricts indefinite delivery, indefinite quantities construction contracts to projects costing less than $500,000 and prohibits their use for buildings exceeding 2,000 square feet, new street/road/highway construction, or projects over $500,000.

Requires Department of Finance and Administration approval of all indefinite delivery, indefinite quantities contracts for state agencies and mandates contractors hold current Mississippi Board of Public Contractors certificate of responsibility unless contract explicitly limits projects to under $50,000.