Arizona § 41-2542 Bid and contract security

Arizona Statutes

§ 41-2542 — Bid and contract security

Arizona § 41-2542

Title 41Arizona Revised Statutes

Ch. 23ARIZONA PROCUREMENT CODE

Art. 3Source Selection and Contract Formation

This text of Arizona § 41-2542 (Bid and contract security) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 41-2542 (2026).

Text

The director may require, in accordance with rules adopted by the director, the submission of security to guarantee faithful bid and contract performance.  In determining the amount and type of security required for each contract, the director shall consider the nature of the performance and the need for future protection to this state.  The requirement for security must be included in the invitation for bids or request for proposals.

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The director may require, in accordance with rules adopted by the director, the submission of security to guarantee faithful bid and contract performance. In determining the amount and type of security required for each contract, the director shall consider the nature of the performance and the need for future protection to this state. The requirement for security must be included in the invitation for bids or request for proposals.