Ill. Admin. Code tit. 71 § 2000.215

Current through Register Vol. 48, No. 50, December 13, 2024

Section 2000.215 - New Bidders

a) Bidders not having a history of performance shall be considered responsible if no other disqualifying factors exist. A bond or other security shall be required for such Bidders.

b) Bidders who are newly formed business concerns having substantially the same owners, officers, directors, or beneficiaries as a previously existing not-responsible Bidder, defined as persons having a controlling interest or 10% or more of any interest, will be declared not-responsible unless the new organization can prove it was not set up for the purpose of avoiding an earlier declaration of non-responsibility.

Ill. Admin. Code tit. 71, § 2000.215