The proposed bill seeks to amend existing legislation related to the management and oversight of construction projects, specifically focusing on enhancing efficiency and accountability. It introduces new legal language that emphasizes compliance with updated safety and quality standards, as well as establishing clear guidelines for project management and reporting. The bill aims to streamline processes by removing outdated provisions that may hinder progress in the construction sector, thereby facilitating a more responsive and effective approach to project management.

Additionally, the bill outlines specific provisions for the procurement and installation of various systems, including audio-visual and fire alarm systems, ensuring compliance with safety and operational requirements. It emphasizes the importance of maintaining transparency and accountability in the use of public funds, mandating regular audits and public reporting on expenditures. Overall, the bill aims to modernize the regulatory framework governing construction and related projects, ensuring they meet contemporary standards while promoting safety, efficiency, and effective governance.