SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2023 SESSION

  • | print version

HB 1490 Virginia Public Procurement Act; certain construction contracts, performance and payment bonds.

Introduced by: Glenn Davis-Resigned 4/24 | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Virginia Public Procurement Act; certain construction contracts; performance and payment bonds. Allows localities to allow a contractor of indefinite delivery or quantity contracts, defined in the bill, who is otherwise required to furnish performance and payment bonds in the sum of the contract amount to the public body with which he contracted to furnish such bonds only the dollar amount of the individual tasks identified in the underlying contract. Such contractors shall not be required to furnish the sum of the contract amount if the governing locality has adopted such an ordinance. 


FULL TEXT

AMENDMENTS

HISTORY