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State Government / Hawaii / Legislation / SB 462
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 development · Dec 8, 2025
Carried over to 2026 Regular Session.
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Primary sponsors are listed before cosponsors and other sponsoring entities.
Newest action first. Action language is supplied by the state source.
Carried over to 2026 Regular Session.
Reported from GVO (Stand. Com. Rep. No. 190) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
The committee(s) on GVO recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in GVO were as follows: 4 Aye(s): Senator(s) McKelvey, Gabbard, Moriwaki, San Buenaventura; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
The committee(s) on GVO deferred the measure until 01-30-25 3:01PM; Conference Room 225.
The committee(s) on GVO has scheduled a public hearing on 01-28-25 3:00PM; Conference Room 225 & Videoconference.
Referred to GVO, WAM.
Introduced.
Passed First Reading.
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