Statutes, codes, and regulations
Illinois Administrative Code
Title 44 - GOVERNMENT CONTRACTS, GRANTMAKING, PROCUREMENT AND PROPERTY MANAGEMENTPart 2600 - STATE BOARD OF ELECTIONS PROCUREMENT RULES
Subpart F - BID, PROPOSAL AND PERFORMANCE SECURITY
Section 2600.500 - Security Requirements

Ill. Admin. Code tit. 44 § 2600.500

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Current through Register Vol. 49, No. 2, January 10, 2025
Section 2600.500 - Security Requirements

A Procurement Officer may require that a vendor furnish bid, proposal, or performance security on SBEL contracts. Whenever security is required, the procurement document will clearly indicate the type and amount of security. Security, unless otherwise specified, may be in the form of cashier's check, certified check, money order, irrevocable letter of credit or bond. Any bond must be issued by a surety company authorized to do business in the State of Illinois.

Ill. Admin. Code tit. 44, § 2600.500