SB1014

Oklahoma SB1014 amends the Public Competitive Bidding Act of 1974 to require local bid preference for certain public construction contracts.

Oklahoma SB1014 amends the Public Competitive Bidding Act of 1974 to require local bid preference for certain public construction contracts. The bill mandates that local governmental units may provide a bid preference of up to five percent of the bid price if the awarding public agency determines an economic benefit to the local area or economy. This preference applies to contracts exceeding $100,000 for public construction and $50,000 for construction management trade contracts or subcontracts.