5. Truth-in-Negotiations

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

The City of Port Orange is reviewing a proposed policy for professional service contracts and task authorizations exceeding $150,000. This policy requires architects to provide a truth-in-negotiation certificate. This certificate confirms that wage rates and other cost details supporting the contract compensation are accurate and current. If the City finds that costs were increased due to inaccurate information, the contract price may be adjusted. Such adjustments must be made within one year after the contract ends. This item is currently under review by the City Council. The work involves administrative and legal processes related to contract management and cost verification for future renovation projects. This early stage presents an opportunity for legal services and accounting professionals to advise on compliance and contract negotiation. Engaging now, before specific contracts are finalized, allows for proactive guidance on these requirements.

contract compensation threshold

150000 $