Virginia Public Procurement Act; bid bonds, construction contracts.

Bill Summary:

Virginia Public Procurement Act; bid bonds; certain transportation-related contracts. Provides that, except in cases of emergency, all bids and proposals for certain transportation-related contracts in excess of $350,000 and partially or wholly funded by the Commonwealth shall be accompanied by a bid bond. Current law sets the bid or proposal amount for such contracts at $250,000.

Bill Patron: Bell

Last Action(s):
(House) Signed by Speaker March 11, 2022
(Senate) Enrolled Bill Communicated to Governor on March 22, 2022 March 22, 2022
(Governor) Acts of Assembly Chapter text (CHAP0413)

Bill Status:
Passed House
Passed Senate