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NY S07114

Bill

Official Source

Status

Introduced

4/28/2014

Primary Sponsor

John DeFrancisco

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Requires all state contracts for work, services, or goods to include a clause allowing cancellation if the contractor exceeds the original bid by more than ten percent
  • Permits the state to cancel or terminate such contracts without incurring penalties or damages
  • Ensures the state remains obligated to pay for goods delivered or work completed prior to any cancellation or termination
  • Applies the same requirement to municipal corporations and public authorities created by the state or political subdivisions
  • Takes effect immediately upon enactment

Legislative Description

Provides that state contracts shall include a provision that allows the state to cancel the contract when the cost of the contract exceeds the original bid by more than ten percent.

Last Action

COMMITTED TO RULES

6/20/2014

Committee Referrals

Rules6/20/2014
Finance4/28/2014

Full Bill Text

No bill text available