Bill Text: NJ A3309 | 2014-2015 | Regular Session | Introduced
Bill Title: Requires every State contract to establish fixed price for purchase of goods or services under contract.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2014-06-05 - Introduced, Referred to Assembly State and Local Government Committee [A3309 Detail]
Download: New_Jersey-2014-A3309-Introduced.html
Sponsored by:
Assemblywoman ELIANA PINTOR MARIN
District 29 (Essex)
Assemblyman RAJ MUKHERJI
District 33 (Hudson)
SYNOPSIS
Requires every State contract to establish fixed price for purchase of goods or services under contract.
CURRENT VERSION OF TEXT
As introduced.
An Act requiring State contracts to establish a fixed price for goods or services under the contract and supplementing Title 52 of the Revised Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Every contract awarded by a State agency for the purchase of goods or services shall contain provisions that establish a fixed price for performance of the overall contract, or a fixed price per unit in the case of goods to be purchased over a period of time, and that allow for increases or cost overruns, not to exceed 20% of that contract price, only with the express written approval of the State Treasurer.
As used in this section, "State agency" means any of the principal departments in the Executive Branch of the State Government, and any division, board, bureau, office, commission or other instrumentality within or created by such department, and any independent State authority, commission, instrumentality or agency.
The provisions of this section shall not apply to any contract when the public exigency requires the immediate delivery of goods or performance of services.
The provisions of this section shall not apply to any contract that is paid for in whole or in part with federal funds if application thereto would affect eligibility to receive those funds.
2. This act shall take effect immediately
STATEMENT
This bill provides that every contract awarded by a State agency for the purchase of goods or services must contain provisions that establish a fixed price for performance of the overall contract, or a fixed price per unit in the case of goods to be purchased over a period of time, and that allow for increases or cost overruns, not to exceed 20% of that contract price, only with the express written approval of the State Treasurer. The bill also provides that it will not apply when the public exigency requires the immediate delivery of goods or performance of services or when eligibility for the receipt of federal funds would be affected.
