Íæż½ã½ã-Backed Bill Passes House
On January 5, the Íæż½ã½ã-backed bill, , which would severely limit federal agencies from procuring construction services through reverse auctions the House of Representatives. Íæż½ã½ã expects the Senate to pass the bill in the coming weeks. Reverse auctions in federal contracts typically require contractors to bid against each other in real time with ever increasing lower prices in order to win a particular contract. Several federal agencies have advised against this practice due to the administrative burden it requires, as well as acknowledging that the guaranteed low price at time of bidding often does not mean the project will be lower in cost at the close. Íæż½ã½ã supports commonsense procurement reform to improve the delivery of federal construction services, and that benefit the government, taxpayers, small businesses, and the entire construction industry.
For more information, contact jordan.howard@agc.org or (703) 837-5368.