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2013 -- S 0372 | |
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LC01231 | |
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STATE OF RHODE ISLAND | |
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IN GENERAL ASSEMBLY | |
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JANUARY SESSION, A.D. 2013 | |
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A N A C T | |
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RELATING TO PUBLIC PROPERTY AND WORKS -- STATE PURCHASES | |
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Introduced By: Senator William A. Walaska | |
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Date Introduced: February 13, 2013 | |
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Referred To: Senate Finance | |
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It is enacted by the General Assembly as follows: | |
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SECTION 1. Section 37-2-44 of the General Laws in Chapter 37-2 entitled "State |
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Purchases" is hereby amended to read as follows: |
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37-2-44. Cost and pricing principles -- Regulations required. -- The chief purchasing |
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officer shall issue regulations setting forth cost principles which shall be used: |
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(1) As guidelines in the negotiation of: |
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(i) Estimated costs of fixed prices when the absence of open marker competition |
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precludes the use of competitive sealed bidding; |
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(ii) Adjustments for state-directed changes or modifications in contract performances; |
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and |
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(iii) Settlements of contracts which have been terminated. |
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(2) To determine the allowability of incurred costs which shall include the cost of labor |
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and benefits of programs mandated by a worker's compensation insurer to maintain a discounted |
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premium rate modification for the purpose of reimbursing costs under contract provisions which |
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provide for the reimbursement of costs; and |
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(3) As appropriate in any other situation where the determination of the estimated or the |
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incurred costs of performing contracts may be required. |
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SECTION 2. This act shall take effect upon passage. |
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LC01231 | |
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EXPLANATION | |
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BY THE LEGISLATIVE COUNCIL | |
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OF | |
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A N A C T | |
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RELATING TO PUBLIC PROPERTY AND WORKS -- STATE PURCHASES | |
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This act would amend the law on state purchases so that when the chief purchasing |
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officer determines an allowable cost it would include the cost of labor and benefits of programs |
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mandated by a worker's compensation insurer. |
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This act would take effect upon passage. |
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LC01231 | |
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