RÉSUMÉ DIGEST ACT 111 (SB 118) 2020 Regular Session Smith Prior law provided that all public work exceeding the contract limit, including labor and materials, to be done by a public entity shall be advertised and let by contract to the lowest responsible and responsive bidder who bid according to the bidding documents as advertised, and that no such public work shall be done except as provided in prior law. Prior law provided, with certain exceptions, that the term "contract limit" shall be equal to the sum of $150,000 per project, including labor, materials, and equipment as per the rates in the latest edition of the Associated Equipment Dealers Rental Rate Book and administrative overhead not to exceed 15%. Provided that beginning February 1, 2015, and annually on February first of each subsequent year, the office of facility planning and control within the division of administration shall adjust the "contract limit" by an amount not to exceed the annual percentage increase in the Consumer Price Index in the preceding year. The contract limit for 2020 is $161,550. New law increases the contract limit from $150,000 per project, adjusted annually beginning February 1, 2015, to $250,000 per project, adjusted annually beginning February 1, 2025. Effective July 1, 2020. (Amends R.S. 38:2212(C)(1))