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)
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More on this bill
Where it stands
Introduced
2Passed Senate
3Passed House
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Feb 10Reported from GVO (Stand. Com. Rep. No. 190) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.Latest
Feb 10Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Minor
Jan 30The 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.Minor
Vote recorded The committee(s) on GVO recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Jan 28The committee(s) on GVO deferred the measure until 01-30-25 3:01PM; Conference Room 225.Minor
Jan 24The committee(s) on GVO has scheduled a public hearing on 01-28-25 3:00PM; Conference Room 225 & Videoconference.