S.275

New Jersey S275 mandates cost analysis for state department contracts exceeding $100,000 with private entities.

New Jersey S275 requires state departments to conduct a cost analysis before entering into contracts or agreements exceeding $100,000 with private businesses for work typically performed by state employees. The analysis must determine if using private employees is more cost-effective than using state employees. It must also consider whether the potential cost savings outweigh the public interest in having the state perform the work directly. The analysis must be filed with the Office of Management and Budget and made available for public inspection.