Bill > S2199

This bill modifies two aspects of Section 44D in Chapter 149 of the Massachusetts General Laws related to public construction certification. First, it extends the time period for reviewing a contractor's work history from five years to ten years when evaluating their certification eligibility. Second, the bill requires the state division responsible for contractor certification to establish an annual inflationary adjustment for recertification based on the Producer Price Index (PPI), which is an economic indicator published by the U.S. Bureau of Labor Statistics that tracks changes in the prices received by domestic producers for their goods and services. These changes aim to provide a more comprehensive view of a contractor's long-term performance and ensure that certification requirements keep pace with economic changes by automatically adjusting financial thresholds for inflation.

Budget and Finance, Government Affairs

https://malegislature.gov/Bills/194/S2199