MS SB2818

Establishes a new prequalification bidding procedure for "high complexity" public construction projects, allowing agencies to select from prequalified bidders based on their knowledge and experience with projects requiring highly skilled contractors and qualified project management teams

Requires prequalification of bidders to be determined at least 15 working days before the first published notice of bid opening

Mandates Department of Finance and Administration approval for using this alternative procedure, with the requirement that it better satisfies public need than lowest-cost-only bidding

Requires Public Procurement Review Board approval before using this procedure for construction projects anticipated to exceed $5,000,000

Maintains existing requirements that agencies must document lowest and best bid determinations on official minutes if accepting other than the lowest bid submitted