SB 462 Hawaii Senate · 2025 Regular Session

RELATING TO PROCUREMENT CONTRACTS.

Summary

Requires all performance incentive contracts to specify a pricing basis, performance goals, and a formula in calculating the contractor's profit, fees, or price decrease if the specified performance goals are exceeded or not met. Effective 1/1/2525. (SD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 16, 2025 Last action Feb 10, 2025

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What changed between versions

SB462 → SB462_SD1 · 5 edits

MODERATE

This bill amends Hawaii's procurement contract laws to clarify rules for cost-reimbursement and cost-plus-a-percentage-of-cost contracts, requiring written justification from the chief procurement officer and public notice. It also modifies performance incentive contract requirements and changes the effective date to January 1, 2525 (likely a clerical error for 2025).

Scope change

The bill maintains the same scope of applying to state procurement contracts but modifies specific requirements for certain contract types and adds metadata fields related to bill processing.

REQUIREMENT

Cost-reimbursement and cost-plus-a-percentage-of-cost contracts now require written determination that they are less costly or impracticable to obtain alternatives, with added bracketed text suggesting potential clarification of the language.

Performance incentive contracts section was renumbered from (e) to (d) and (d) to (e), with the policy board rule-making requirement moved.

TIMELINE

The effective date was changed from 'upon approval' to 'January 1, 2525' (likely intended as 2025, though the year appears incorrect).

TECHNICAL

Added metadata fields including bill numbers, timestamps, and revision information that were not present in the original version.

Removed formatting artifacts and document metadata that appeared in the original version.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 10, 2025

Committee

Reported from GVO (Stand. Com. Rep. No. 190) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Jan 30, 2025

Upper · Passed

The committee(s) on GVO recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in GVO were as follows: 4 Aye(s): Senator(s) McKelvey, Gabbard, Moriwaki, San Buenaventura; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.

upper

Jan 24, 2025

Upper · Passed

The committee(s) on GVO has scheduled a public hearing on 01-28-25 3:00PM; Conference Room 225 & Videoconference.

upper

Jan 21, 2025

Committee

Referred to GVO, WAM.

upper

Jan 16, 2025

Introduced

Introduced.

upper

5 primary · 1 co-sponsor