HB 2017 Virginia Public Procurement Act; bid, performance, and payment bonds, waiver by localities
Virginia 2017 Regular Session
Virginia Public Procurement Act; bid, performance, and payment bonds, waiver by localities.
HB-2017
About HB-2017
Virginia Public Procurement Act; bid, performance, and payment bonds; waiver by localities. Authorizes a locality, where the bid, performance, and payment bond requirements are waived, to waive the requirement for prequalification for a bidder or contractor with a current Class A contractor license for nontransportation-related construction contracts in excess of $100,000 but less than $300,000 upon a written determination made in advance by the local governing body that waiving the requirement is in the best interests of the locality. The bill prohibits localities from entering into more than 10 such contracts per year in which the bidder or contractor's prequalification requirement has been waived. The bill contains technical amendments.
Bill Texts
Enrolled 04/05/2017
Chaptered 04/05/2017
Comm Sub 01/24/2017
Enrolled 03/07/2017
Conference Sub 03/24/2017
Prefiled 01/10/2017
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