House Bill 673 Summary

• Increases the threshold for purchases not requiring competitive bids from $5,000 to $15,000, exclusive of freight and shipping charges.

• Raises the threshold for purchases requiring only two competitive written bids (without advertising) from over $5,000 to over $15,000 but not more than $75,000.

• Updates corresponding thresholds in fire protection system contracts from $5,000/$10,000 to $15,000/$20,000 for public and private projects respectively.

• Updates disaster-related public works project thresholds and contractor certification requirements from $5,000 to $15,000.

• Updates state contract insurance requirements from $5,000 to $15,000 for general liability coverage on construction projects.