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2016 SESSION

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HB 1218 Virginia Public Procurement Act; bid, performance, and payment bonds, waiver by localities.

Introduced by: Scott W. Taylor (by request) | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Public Procurement Act; bid, performance, and payment bonds; waiver by localities. Authorizes a locality to waive bid, performance, and pay bonding for nontransportation-related construction contracts between $100,000 and $500,000 without having to undertake a prequalification process. The bill contains technical amendments.


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