Senate Bill 2334 amends Tennessee Code Annotated, Title 12, Chapter 3, Part 12, to allow local governments with revenues of at least $20 million from the previous fiscal year to utilize any project delivery method they deem most effective for qualified local projects. This flexibility is contingent upon the selection of the project delivery method through a competitive proposal process and the authorization of such a process by the local government's existing ordinances, rules, regulations, or policies.

The bill defines several key terms related to construction project delivery methods, including "construction manager at-risk," "design-bid-build," and "design-build." It also specifies that a "qualified local project" is any construction project with an estimated cost exceeding $5 million, which may include renovations or expansions of existing buildings. The act is set to take effect upon becoming law, emphasizing the importance of adapting construction project delivery methods to better meet local government needs.