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2006 SESSION

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HB 64 Public Procurement Act; bids or proposals for transportation-related projects.

Introduced by: Harry R. Purkey | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Performance and payment bonds.  Increases the amount of required bid, payment, and performance bonds from $100,000 to $250,000 for transportation-related projects that are partially or wholly funded by the Commonwealth.  For payment bonds for such projects, the amount is whatever is satisfactory to the public body.

SUMMARY AS INTRODUCED:

Performance and payment bonds.  Increases the amount of required bid, payment, and performance bonds from $100,000 to $500,000.