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Panel and unions back equitable-adjustment language for state contracts (SB 403) to cover labor-law and collective-bargaining cost increases
Summary
Senate Bill 403 would permit contract modifications or equitable adjustments when statutory labor requirements or collective-bargaining agreements increase contractor costs after a procurement award.
Senate Bill 403, a bill to allow equitable contract adjustments when statutory labor standards or collective-bargaining increases raise contractor costs, drew support from security contractors and unions at a Senate Procurement Subcommittee hearing.
"This would allow a contractor to apply for a contract modification when legislation such as the Family and Medical Leave Act requires employers to pay increased compensation and benefits," said John Pica, testifying for the National Association of Security Companies. He and company witnesses said the change is narrowly tailored to state procurements and is intended to keep incumbents from walking off contracts when unanticipated legal or bargaining-driven cost…
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