Bill
Bill > S3775
NJ S3775
NJ S3775Provides equitable relief to government contractors who have sustained unanticipated expenses due to increases for construction materials; appropriates $25 million.
summary
Introduced
05/08/2023
05/08/2023
In Committee
05/08/2023
05/08/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Provides equitable relief to government contractors who have sustained unanticipated expenses due to increases for construction materials; appropriates $25 million.
AI Summary
This bill provides equitable relief to government contractors who have sustained unanticipated expenses due to increases in construction material costs. The bill authorizes adjustments to the terms and conditions of certain construction contracts valued at $25 million or less that were awarded based on bids submitted prior to December 1, 2021, and for which materials were purchased or invoiced after March 1, 2020. The bill also allows for the termination or suspension of such contracts in certain circumstances, and appropriates $25 million to cover the costs and reimbursements incurred under the bill.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 05/08/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S3775 |
| BillText | https://pub.njleg.gov/Bills/2022/S4000/3775_I1.HTM |
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