Government building projects-warranty.

03LSO-0380.L1

FISCAL NOTE (HB0123)

The non-administrative fiscal impact, in the form of additional expenditures, is indeterminable.

$3000/year (length of project plus two years after project completion) to pay costs of the project managers oversight of the warranty on behalf of the state’s interest in the given project. The probable cost would be $3000 times “X”. “X” would be the length of project plus two years.

For contract bidding, we estimate that the bid would increase by .5% to 1% of total project cost. This would cover the bidder’s bid for warranty guarantee. Depending on the project’s complexity, it could be as high as 2%.

Prepared by: Denise Farrell, Dept. of A&I Phone: 777-7201

Prepared by: Doug Cook, Dept. of A&I Phone: 777-3639

This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget or current personnel authorizations. The following state agencies may be affected administratively:

Department of Administration & Information