Section 855-RICR-00-00-1.4 - SecurityA. In addition to the provisions set forth in R.I. Gen. Laws § 37-2-40, bidders must furnish, with their bid proposals, either a bid bond from a surety licensed to conduct business in the State of Rhode Island or a certified check in the amount of five percent (5%) of the bid proposal for construction contracts valued at greater than fifty thousand dollars ($50,000.00).B. The Purchasing Agent may require surety, if appropriate, for any other contracts regardless of value, in an amount and manner in the Purchasing Agent's discretion.855 R.I. Code R. 855-RICR-00-00-1.4
Amended effective 4/18/2021