New York S06677 establishes a method for determining the lowest responsible bidder for state contracts, incorporating quantifiable fiscal benefits.

New York S06677 amends the state finance law to establish a method for determining the lowest responsible bidder for state contracts. This method will incorporate quantifiable fiscal benefits, including consideration of sub-contractors' locations and job creation within the state. The bill also provides for a five percent reduction in bids submitted by in-state contractors. The comptroller, in consultation with state agencies, will create rules and regulations to ensure these considerations are included.

New York S06677 establishes a method for determining the lowest responsible bidder for state contracts, incorporating quantifiable fiscal benefits.

New York S06677 amends the state finance law to establish a method for determining the lowest responsible bidder for state contracts. This method will incorporate quantifiable fiscal benefits, including consideration of sub-contractors' locations and job creation within the state. The bill also provides for a five percent reduction in bids submitted by in-state contractors. The comptroller, in consultation with state agencies, will create rules and regulations to ensure these considerations are included.