Virginia Public Procurement Act; bid bonds, construction contracts. (SB258)

Introduced By

Sen. John Bell (D-Chantilly) with support from co-patron Del. Dan Helmer (D-Fairfax Station)

Progress

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

Description

Virginia Public Procurement Act; bid bonds; construction contracts. Provides that, except in cases of emergency, all bids and proposals for construction contracts in excess of $500,000 shall be accompanied by a bid bond. Current law excludes certain transportation-related projects from this bond requirement. Read the Bill »

Status

01/19/2022: passed committee

History

DateAction
01/11/2022Prefiled and ordered printed; offered 01/12/22 22101397D
01/11/2022Referred to Committee on General Laws and Technology
01/19/2022Impact statement from DPB (SB258)
01/19/2022Reported from General Laws and Technology (15-Y 0-N)

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