Indiana § 8-23-9-8 Bid guarantee and performance bond requirements

Indiana Statutes

§ 8-23-9-8 — Bid guarantee and performance bond requirements

Indiana § 8-23-9-8

Art. 23INDIANA DEPARTMENT OF

Ch. 9State Highway Contracts; General Powers

This text of Indiana § 8-23-9-8 (Bid guarantee and performance bond requirements) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 8-23-9-8 (2026).

Text

The department:

(1)shall require each bidder to submit a bid guarantee and a performance bond payable to the state with the bidder's proposal if the estimated cost of the project is more than two hundred thousand dollars ($200,000); and

(2)may require a bidder to submit a bid guarantee and a performance bond payable to the state with the bidder's proposal if the estimated cost of the project is not more than two hundred thousand dollars ($200,000). Instead of the bond, the department may establish by rule the requirements that, in its discretion, are necessary to assure payment of subcontractors, suppliers, and employees by the contractor.

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The department:
(1) shall require each bidder to submit a bid guarantee and a
performance bond payable to the state with the bidder's proposal
if the estimated cost of the project is more than two hundred
thousand dollars ($200,000); and
(2) may require a bidder to submit a bid guarantee and a
performance bond payable to the state with the bidder's proposal
if the estimated cost of the project is not more than two hundred
thousand dollars ($200,000).
Instead of the bond, the department may establish by rule the
requirements that, in its discretion, are necessary to assure payment of
subcontractors, suppliers, and employees by the contractor.