Bill
Bill > HB21
summary
Introduced
01/10/2025
01/10/2025
In Committee
01/10/2025
01/10/2025
Crossed Over
Passed
Dead
02/04/2025
02/04/2025
Introduced Session
2025 Regular Session
Bill Summary
An Act To Amend Section 31-7-1, Mississippi Code Of 1972, To Revise The Public Purchasing Law To Define "lowest And Best"; To Amend Section 31-7-13, Mississippi Code Of 1972, To Provide That Life Cycle Costing, Total Cost Bids, Warranties, Guaranteed Buy Back Provisions And Other Relevant Provisions Shall Be Included In The Best Bid Calculation; To Bring Forward Sections 7-7-209, 19-13-113, 19-15-3, 19-15-5, 25-4-105, 25-15-11, 25-53-5, 25-53-123, 25-53-191, 27-104-7, 31-5-39, 31-8-11, 37-7-301, 37-39-17, 37-41-101, 37-101-43, 37-145-29, 45-3-33, 45-3-35, 47-5-105, 47-5-1005, 51-13-113, 57-1-64.2, 59-5-37, 59-17-31, 63-11-47, 65-7-95, 65-33-11, 69-2-30, 77-3-16 And 93-9-21, Mississippi Code Of 1972, For The Purpose Of Possible Amendment; And For Related Purposes.
AI Summary
This bill proposes to amend Mississippi public purchasing laws to revise the definition and calculation of the "lowest and best bid" for government purchases. Specifically, the bill introduces a new definition of "lowest and best" that focuses on the life cycle cost, or total cost of ownership, of goods or commodities being purchased. This means that when evaluating bids, government agencies must now consider not just the initial purchase price, but also ongoing maintenance costs, operational expenses, and other relevant long-term considerations. The bill mandates that life cycle costing, total cost bids, warranties, guaranteed buy-back provisions, and other relevant factors shall be included in determining the best bid, rather than being optional. By expanding the criteria for bid evaluation, the legislation aims to help government entities make more financially prudent purchasing decisions that account for the total economic impact of a purchase over its entire useful life, potentially leading to more cost-effective procurement strategies across Mississippi's public sector.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Died In Committee (on 02/04/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB0021.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2025/html/HB/0001-0099/HB0021IN.htm |
Loading...