SB 462 Hawaii Senate · 2026 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 passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Feb 2025

Senate Passage

Feb 2025

House Passage

Governor

Introduced Jan 16, 2025 Last action Dec 8, 2025

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What changed between versions

SB462 → SB462_SD1 · 4 edits

MODERATE

The bill was converted from a House bill (HB) to a Senate bill (SB) and updated with new Senate-specific metadata. Substantively, the text was altered to include bracketed deletions and inserted new language regarding contract types and policy board rules, while the effective date was changed to January 1, 2525.

Scope change

The bill's applicability remains focused on state procurement contracts, but the text now includes specific deletions of subsections (d) and (e) from the original version and inserts modified language regarding cost-reimbursement contracts and performance incentives.

TECHNICAL

The bill type was changed from SB to SB SD1, and associated metadata (dates, revision numbers, and template types) were updated to reflect Senate processing.

REQUIREMENT

Language regarding cost-reimbursement contracts was modified to include bracketed deletions and insertions, altering the conditions under which these contracts may be used.

Subsection (d) regarding policy board rule adoption was moved and modified, while subsection (e) regarding performance incentives was deleted and replaced with new text.

TIMELINE

The effective date of the Act was changed from 'upon approval' to 'January 1, 2525'.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 10, 2025

Upper · Passed

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

upper

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