Provides for the establishment of a method for determining the lowest responsible bidder when negotiating state contracts that would incorporate quantifiable fiscal benefits.
Summary
Bill S06677 aims to amend the state finance law by establishing a new method for determining the lowest responsible bidder for state contracts. This method will not only consider the monetary bid amount but also include quantifiable fiscal benefits such as job creation, tax revenue, and economic activity generated by the contract. The bill mandates that the state comptroller, in consultation with state agency heads, develop rules to incorporate these factors into the bidding process. Additionally, the bill introduces a preference for in-state contractors by allowing their bids to be reduced by five percent when determining the lowest bid.
Impact
If enacted, this bill will significantly alter the procurement process for state contracts in New York. It will require a more comprehensive evaluation of bids, focusing on economic contributions rather than just cost. This could lead to increased job creation and economic activity within the state, as contracts will favor local businesses and those that contribute to the state's economy. The amendments to the finance law will also necessitate updates to existing procurement regulations and practices to align with the new criteria for evaluating bids.
Sentiment
The sentiment surrounding Bill S06677 appears to be generally positive, as it aims to enhance the economic benefits derived from state contracts. Supporters argue that it prioritizes local businesses and job creation, which could lead to a stronger economy. However, there may be concerns about the potential complexity and administrative burden of implementing the new evaluation criteria, which could lead to some opposition from stakeholders accustomed to the traditional bidding process.
Contention
Notable points of contention may arise regarding the definition of 'quantifiable fiscal benefits' and how these will be measured and verified. Some legislators and stakeholders may express concerns about the fairness of the in-state contractor preference, particularly for out-of-state businesses that may provide competitive bids. There may also be debates about the potential impact on the quality of services and goods provided if cost considerations are overshadowed by local economic benefits.
Same As
Provides for the establishment of a method for determining the lowest responsible bidder when negotiating state contracts that would incorporate quantifiable fiscal benefits.
Provides for the establishment of a method for determining the lowest responsible bidder when negotiating state contracts that would incorporate quantifiable fiscal benefits.
Provides for the establishment of a method for determining the lowest responsible bidder when negotiating state contracts that would incorporate quantifiable fiscal benefits.
Provides that certain purchase contracts to purchase food can be awarded to a qualified bidder who fulfills certain values based procurement standards when such bid is not more than 10% higher than the lowest responsible bidder and when the bidder makes publicly available data on where such bidder sources their food items; sets forth the criteria for values based procurement standards to include local economies, environmental resilience, racial equity, valued workforce, valued agricultural sector, animal welfare, and nutrition.
Provides that certain purchase contracts to purchase food can be awarded to a qualified bidder who fulfills certain values based procurement standards when such bid is not more than 10% higher than the lowest responsible bidder and when the bidder makes publicly available data on where such bidder sources their food items; sets forth the criteria for values based procurement standards to include local economies, environmental resilience, racial equity, valued workforce, valued agricultural sector, animal welfare, and nutrition.
Public buildings and public works; modifying price threshold for certain construction contract negotiations with qualified contractors. Effective date. Emergency.
Public buildings and public works; modifying price threshold for certain construction contract negotiations with qualified contractors. Effective date. Emergency.
Allows local contracting unit to accept bid up to 10 percent more than lowest responsible bid in awarding public contracts under certain circumstances.