Bill > H3371

This bill modifies Section 44D of Chapter 149 of the General Laws related to public construction certification by making two key changes: first, it extends the period of work history examination from five years to ten years when evaluating a contractor's qualifications, and second, it requires the division responsible for certification to establish an annual inflationary adjustment for recertification based on the Producer Price Index (PPI), which is a measure of average price changes paid by producers for goods and services. The Producer Price Index, published by the U.S. Bureau of Labor Statistics, tracks changes in input costs for businesses and is often used to adjust financial figures to account for inflation. By lengthening the work history review period and mandating an automatic inflation-based adjustment for recertification, the bill aims to provide a more comprehensive and current assessment of contractors' capabilities and ensure that certification requirements remain relevant and responsive to economic changes.

Government Affairs

https://malegislature.gov/Bills/194/H3371