5-21-1.1. Waiver of performance security requirement on contracts under certain amount.
31 words·~1 min read·
/sd/title-5/chapter-5-21/5-21-1-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The requirement of a performance security may be waived by a public corporation if the bid submitted does not exceed the limit established pursuant to § 5-18A-14 for a public improvement.