Bill > H3401

This bill introduces new requirements for state-funded construction projects in Massachusetts, mandating that all contracts for construction projects offered or entered into by state agencies must include a strict two-year completion schedule. If a project is not completed within the specified timeframe, contractors will be subject to a monthly financial penalty of ten percent of the contract's total value. However, the bill provides some flexibility by allowing contractors to submit a written explanation to the commissioner of the division of capital asset management and maintenance and request an extension of up to six months if unforeseen issues arise. The commissioner will be responsible for establishing rules and regulations governing the appeal and extension process. The legislation aims to improve project management and accountability in state-funded construction work by creating clear timelines and financial incentives for timely completion. The bill will take effect immediately upon its passage.