Requires state contracts with construction firms reserve a percent of such contract to soft cost spending towards small businesses located near the construction site; defines what qualifies as soft cost spending.
Relates to amending state construction and commodity contracts to provide equitable relief to contractors who have sustained unanticipated expenses by reason of construction materials price escalations.
Relates to amending state construction and commodity contracts to provide equitable relief to contractors who have sustained unanticipated expenses by reason of construction materials price escalations.