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Chapter 30B is the law that governs the procurement of supplies, services and real property by cities, towns and other local jurisdictions in Massachusetts. It contains procedures to ensure open and fair competition for contracts paid for with public money.
Increases the threshold for filed sub-bids on public building projects from the prior over $20,000, to over $25,000 and the threshold for Paragraph E sub-sub bids from the prior over $10,000, to over $25,000.
Sub-Bidder means a person or entity who submits a Bid to a Bidder for materials, equipment or labor (including quantity surveyors) for a portion of the Work and who is identified on the appropriate Supplementary Bid Form.
On private projects, Massachusetts Prompt Pay law requires property owners to make progress payments to Prime Contractors within 45 days after approval of invoice. The invoice must be approved or denied within 15 days.
Whereas an IFB will evaluate proposals largely based on price, RFPs will consider price as well as details of the bidding organization's operational plan, staff experience and education, timeline estimates and more. The review process for an RFP is typically longer than those of IFBs.
Generally, the general contractor (GC) must pay each subcontractor (sub) as soon as he receives any payment from the awarding authority for work or materials the sub has already provided. Within 65 days after the sub has completed all his work on the project, he is due the entire balance (minus any retainage).
RFR stands for Request for Response and refers to those postings for a solicitation that are restricted to a one-off procurement (one where there is no statewide contract available that fulfills the purchasing entity's needs).
Massachusetts General Laws require what is known as the ?filed sub-bid? system for selecting certain subcontractors on most public building construction projects. The Law requires that contractors submit construction bids in two phases.