Virginia Public Procurement Act; design-build contracts, purchase of intellectual property. (HB1373)

Introduced By

Del. Glenn Davis (R-Virginia Beach)

Description

Virginia Public Procurement Act; design-build contracts; purchase of intellectual property of proposers by local public bodies. Allows local public bodies to purchase the intellectual property or other work product of a proposer, provided that i) the local public body makes a determination in advance and set forth in writing that it will be advantageous to purchase the intellectual property of an unsuccessful proposer, (ii) prequalification is limited to five contractors, and (iii) the Request for Proposal includes a notice that the local public body may acquire the intellectual property rights of an unsuccessful proposer. Read the Bill »

Outcome

History