Increases bid advertising threshold on certain purchases, contracts, or agreements.

S 3573 increases the threshold for state contracts related to public building construction and repair from $25,000 to $150,000. This allows state agencies to award contracts for projects under $150,000 without requiring full public advertising, reducing administrative time and costs for smaller projects. The bill also requires the Governor to adjust this threshold every five years based on inflation, rounding to the nearest $1,000. This change primarily affects state agencies managing public facilities and contractors working on smaller construction or repair projects.