SSB 1168: Related to guaranteed maximum price contracts for the construction of public improvements

What it does

This bill relates to guaranteed maximum price contracts for the construction of a public improvement. Under current law, a governmental entity is authorized to enter into a guaranteed maximum price contract for the construction of a public improvement. The bill allows a governmental entity to enter into such a contract only if the estimated cost of the project exceeds $150 million. _____ manager-at-risk to include the proposed costs for general conditions. The proposed fees and costs may not contain a contingency.

Senate subcommittee · named February 20, 2025

• Sen. Mike Bousselot (R) · mike.bousselot@legis.iowa.gov
• Sen. Tony Bisignano (D) · tony.bisignano@legis.iowa.gov
• Sen. Scott Webster (R) · scott.webster@legis.iowa.gov

Lobbying · 1 for, 5 against

For: Iowa Competitive Bidding Alliance, Inc.

Against: City of Des Moines; IBEW Iowa State Conference; Iowa State Building and Construction Trades; Master Builders of Iowa; Mid-American Carpenters Regional Council

In plain words

1. February 20, 2025Filed in the Senate and sent to the Commerce committee
2. February 20, 2025Senate subcommittee named: Bousselot, Bisignano and Webster