Bill Title: Performance bonds for state highway contracts. Provides that, after June 30, 2015, the department of transportation (department) shall require the lowest and best bidder for a state highway contract to submit a performance bond payable to the state not more than 10 days after the contract is let. (Current law requires each bidder for a contract for a project with an estimated cost of more than $200,000 to submit a bid guarantee and a performance bond.) Provides that, if a bidder fails to submit the performance bond within 10 days, the department shall let the contract to the next lowest

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2015-01-14 - First Reading: referred to Committee on Roads and Transportation [HB1361 Detail]

Text: Latest bill text (Introduced) [PDF]

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