BONDING REQUIREMENTS FOR CONSTRUCTION CONTRACTS

Original Issue/Approval Date: October 21, 1977
Last Revision: Original
Regents' Policy 6037

POLICY

That the President be authorized to set requirements for bid bonds or other forms of bid security, performance bonds, and payment bonds for construction contracts unless such requirements would be inconsistent with the requirements of a funding agency for a funded project or with mandatory requirements established by state law.

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