Hawaii Senate Bill 462: Relating To Procurement Contracts.

Hawaii · 2026 Regular Session

What it does

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)

Latest action

Carried over to 2026 Regular Session. (2025-12-08)

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