On 5/16/08, the state of Alabama has enacted HB 442. The enactment allows state agencies to decide if a bid bond is required for service contracts or supplies. The prior law made bid bonds mandatory, which allowed for no flexibility, even when no bonding companies were willing to bond the work.
Alabama Bid Bond Changes
May 27, 2009 by Tracy Konopka
Category: Bid Bonds, Surety NewsTags: alabama, bid bond, bond requirements, contract bond, contractors, legislation |
