Friday, October 10, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB2582: Public Procurement Act; modification of contracts.
Be it enacted by the General Assembly of Virginia:
1. That § 2.2-4309 of the Code of Virginia is amended and reenacted as follows:
§ 2.2-4309. Modification of the contract.
A. A public contract may include provisions for modification of the contract during performance, but no fixed-price contract may be increased by more than twenty-five percent of the amount of the contract or $50,000, whichever is greater, without the advance written approval of the Governor or his designee, in the case of state agencies, or the governing body, in the case of political subdivisions. In no event may the amount of any contract, without adequate consideration, be increased for any purpose, including, but not limited to, relief of an offeror from the consequences of an error in its bid or offer. The provisions permitted by this section shall include modifications for differing site conditions or price escalations or de-escalations.
B. Any public body may extend the term of an existing contract for services to allow completion of any work undertaken but not completed during the original term of the contract.
C. Nothing in this section shall prevent any public body from placing greater restrictions on contract modifications.
Additional Data
Explanation
This is the actual text of the bill — the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books.
Words that are highlighted in yellow are
proposed additions, and words that are crossed out in
red are proposed removals.
The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state's website.