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

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