Public Procurement Act; bids or proposals for transportation-related projects. (HB64)

Introduced By

Del. Bob Purkey (R-Virginia Beach) with support from co-patrons Del. Jennifer McClellan (D-Richmond), and Del. Onzlee Ware (D-Roanoke)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

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. Amends § 2.2-4336 (“Bid bonds.”), § 2.2-4337 (“Performance and payment bonds.”), of the Code of Virginia. View Full Text »

Status

05/18/2006: signed by governor
View Bill's History