27. Truth-in-Ne otiations

City Council Regular Meeting · 2026-04-21 · agenda_item

This item concerns a proposed requirement for professional service contracts over a certain amount. Architects will need to provide a truth-in-negotiation certificate. This certificate confirms that cost information used for compensation is accurate, complete, and current. If costs are found to be inaccurate, incomplete, or not current, the contract price may be adjusted. These adjustments must be made within one year after the contract ends. The architect's signature on the contract will serve as this certification. This is currently under review by the City Council. This process involves legal and administrative review of contract terms. The opportunity lies in understanding and complying with these contract requirements for future professional service agreements. Businesses involved in professional services, particularly architectural firms, should be aware of these potential contract stipulations.