Ill. Admin. Code tit. 44, § 2600.500 - Security Requirements

A Procurement Officer may require that a vendor furnish bid, proposal, or performance security on SBEL contracts. Whenever security is required, the procurement document will clearly indicate the type and amount of security. Security, unless otherwise specified, may be in the form of cashier's check, certified check, money order, irrevocable letter of credit or bond. Any bond must be issued by a surety company authorized to do business in the State of Illinois.

Notes

Ill. Admin. Code tit. 44, § 2600.500