HawaiiSB 4622025–2026 Regular Session (Year 2)Senate

RELATING TO PROCUREMENT CONTRACTS.

Sponsored By: Henry J.C. Aquino (Democratic)

Passed

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)

ProcurementContractPerformance Incentive ContractsGVO, WAM

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Henry J.C. Aquino

    Democratic • Senate

Cosponsors

  • Stanley Chang

    Democratic • Senate

  • Kurt Fevella

    Republican • Senate

  • Mike Gabbard

    Democratic • Senate

  • Troy N. Hashimoto

    Democratic • Senate

  • III Richards

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 4 • No: 0

Senate vote 1/30/2025

The committee(s) on GVO recommend(s) that the measure be PASSED, WITH AMENDMENT...

Yes: 4 • No: 0

Actions Timeline

  1. Carried over to 2026 Regular Session.

    12/8/2025
  2. Reported from GVO (Stand. Com. Rep. No. 190) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

    2/10/2025Senate
  3. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

    2/10/2025Senate
  4. The committee(s) on GVO recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in GVO were as follows: 4 Aye(s): Senator(s) McKelvey, Gabbard, Moriwaki, San Buenaventura; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.

    1/30/2025Senate
  5. The committee(s) on GVO deferred the measure until 01-30-25 3:01PM; Conference Room 225.

    1/28/2025Senate
  6. The committee(s) on GVO has scheduled a public hearing on 01-28-25 3:00PM; Conference Room 225 & Videoconference.

    1/24/2025Senate
  7. Referred to GVO, WAM.

    1/21/2025Senate
  8. Introduced.

    1/16/2025Senate
  9. Passed First Reading.

    1/16/2025Senate

Bill Text

Related Bills

Back to State Legislation