NE LB1215

Creates the Political Subdivision Contracting Transparency Act, which terminates on July 1, 2030, requiring political subdivisions to pay prime contractors within 30 days of receiving an accepted invoice, and prime contractors must pay subcontractors within 7 days of receiving payment

Requires contracting agencies to provide written or virtual post-award debriefs to unsuccessful bidders within 10 business days upon request, including evaluation criteria, bid strengths/weaknesses, and scoring information

Directs the Department of Administrative Services to establish a single, public-facing, searchable online procurement calendar listing all solicitations of $50,000 or more, with postings required at least 14 days before bid due dates

Requires the Department of Economic Development to develop a uniform small-business procurement readiness checklist covering registrations, insurance/bonding requirements, compliance documentation, and availability of mobilization micro-advances

Mandates the Urban Affairs Committee conduct a performance review in 2029 to make recommendations on continuing, modifying, or expanding the act