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Security firms, unions back bill to require equitable adjustments for some long state contracts
Summary
SB 63 would require certain multi‑year, high‑value state contracts to include equitable adjustment clauses when statutory changes or collective bargaining raise labor costs; supporters—security contractors and SEIU 32BJ—said narrow thresholds (3 years, $2,000,000) and procurement‑officer approval limit state exposure.
Corey McCray and a panel of industry and labor representatives urged the Senate Budget and Taxation Committee to back Senate Bill 63, which would require specified state construction and service contracts to include equitable adjustment clauses for cost increases driven by new state laws or collective bargaining agreements.
Steve Amate, executive director of the National Association of Security Companies, said the bill protects security officers and ensures contractors can seek price adjustments when compensation costs…
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