SB 462 SD1

Hawaii Senate bill in Session 2026.

Status: in_committee. Latest action: February 10, 2025.

Procurement; Contract; Performance Incentive Contracts.

Bill ID HI-2026-SB-462
Session 2026
Status in_committee
Committee GVO, WAM
Senate in_committee 2025-02-10
Government Operations
Summary

Requires all performance incentive contracts to specify a pricing basis, performance goals, and a formula in calculating the contractor's profit, fees, or price decrease if the specified performance goals are exceeded or not met. Effective 1/1/2525. (SD1)

Sponsor
Stanley Chang
Official Source Back to Bills
Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2025-02-10 Status in_committee
2025-02-10 Latest Action Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
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