HB1113 - Virginia Public Procurement Act; job order contracting, limitations.

1 Co-Sponsor

Virginia Public Procurement Act; job order contracting; limitations. Increases from $6 million to $10 million the maximum threshold above which the sum of all jobs performed in a one-year job order contract term shall not exceed. The bill also increases the maximum threshold amount for any individual job order from $500,000 to $1 million. Finally, the bill increases from two to three the number of additional one-year terms for which job order contracts may be renewable, and the bill only applies to contracts entered into on or after the bill's effective date. Virginia Public Procurement Act; job order contracting; limitations. Increases from $6 million to $10 million the maximum threshold above which the sum of all jobs performed in a one-year job order contract term shall not exceed. The bill also increases the maximum threshold amount for any individual job order from $500,000 to $1 million. Finally, the bill increases from two to three the number of additional one-year terms for which job order contracts may be renewable, and the bill only applies to contracts entered into on or after the bill's effective date.