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Iowa Code Title VIII. Transportation [Chs. 306-330B] § 314.1B. Adjustments--notice

Current as of January 01, 2024 | Updated by Findlaw Staff

1. Horizontal infrastructure.

a. The director, in consultation with industry and subject matter experts, shall review the competitive bid thresholds applicable to city and county highway, bridge, and culvert projects.  The director shall review price adjustments for all types of city and county highway, bridge, and culvert construction, reconstruction, and improvement projects, based on changes in the construction price index from the preceding year.  Upon completion of the review the director may make adjustments in the applicable bid thresholds for types of work based on the price adjustments.

b. A bid threshold, under this subsection, shall not be adjusted to an amount that is less than the bid threshold applicable to a city or county on July 1, 2006, as provided in section 73A.18, 309.40, 310.14, or 314.1.  An adjusted bid threshold shall take effect as provided in subsection 3, and shall remain in effect until a new adjusted bid threshold is established and becomes effective as provided in this section.

2. Vertical infrastructure.

a. The director, in consultation with industry and subject matter experts, shall review the competitive bid thresholds applicable to governmental entities under chapter 26.  The director shall review price adjustments for all types of construction, reconstruction, and public improvement projects based on the changes in the construction price index, building cost index, and material cost index from the preceding adjustment.  Upon completion of the review the director may make adjustments in the applicable bid thresholds for types of work based on the price adjustments.

b. The director shall adjust the bid threshold amount in accordance with subsection 3 but shall not adjust the bid threshold to an amount less than the bid threshold applicable to a governmental entity on January 1, 2007.

c. Beginning July 1, 2024, the director shall make adjustments to the competitive quotation threshold amounts in section 26.14 for vertical infrastructure in accordance with the methodology of paragraph “a”.

d. The director shall adjust the competitive quotation threshold amounts in section 26.14 at the same time and by the same percentage as adjustments are made to the competitive bid threshold.

3. Review--publication.  The director shall make the adjustments described in this section on or before August 1 of every other year, or of every year if determined necessary by the director.  By September 1 of each year in which a director makes adjustments in the bid or quotation thresholds, the director shall cause an advisory notice to be published in the Iowa administrative bulletin and in a newspaper of general circulation in this state, stating the adjusted bid and quotation thresholds to be in effect on January 1 of the following year, as established by the director under this section.

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Cite this article: FindLaw.com - Iowa Code Title VIII. Transportation [Chs. 306-330B] § 314.1B. Adjustments--notice - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-viii-transportation-chs-306-330b/ia-code-sect-314-1b/

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