Indiana Administrative Code
Title 80 - STATE FAIR COMMISSION
Article 9 - COMMISSION WORKS
Rule 6 - Bonding; Escrow; Retainages
Section 6-5 - Bid bonds
Universal Citation: 80 IN Admin Code 6-5
Current through March 20, 2024
Authority: IC 15-13-2-9
Affected: IC 15-13-2
Sec. 5.
(a) The executive director may require each contractor to submit a good and sufficient bid bond with the bid. The bid bond may equal any percentage of the estimated cost of the commission works project that the executive director requires.
(b) The consulting engineer or architect may accept bids provided on forms specified by the commission or on forms provided by surety companies.
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