2 Alaska Admin. Code § 12.810
Current through May 31, 2024
Bid, payment, and performance bonds or other security shall be required for all construction contracts over $100,000, and may be required for contracts as the chief procurement officer, the head of a purchasing agency, or the officer's designee deems advisable to protect the interests of the state. Any such requirements must be set out in the solicitation. Irrevocable letters of credit may be substituted for the required bond at the discretion of the head of the purchasing agency.
2 AAC 12.810
Authority:AS 36.30.040
AS 36.30.120