Requires bidder on State contract to be evaluated on report of its gender-based pay equity and job equality standards for its employees.

S 266 requires state contractors bidding on government contracts to submit annual reports measuring gender-based pay gaps (e.g., men and women doing similar work earning different wages) and gender segregation in job titles (e.g., certain roles dominated by one gender). The state’s Division of Purchase and Property will develop a standardized reporting system, assign each bidder a rating based on their equity performance, and consider this rating alongside price when awarding contracts. The bill exempts urgent contracts needing immediate delivery and contracts funded partly by federal money that would lose eligibility if subject to this requirement. This policy directly affects businesses seeking state contracts by adding pay equity as a formal evaluation factor in procurement decisions.