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Ill. Admin. Code tit. 71, § 2000.240 – Security Allowances | Midpage
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Illinois Administrative Code
Title 71
IV
Part 2000
§ 2000.240
Ill. Admin. Code tit. 71, § 2000.240
Security Allowances
AUTHORITY: Implementing and authorized by the Illinois Procurement Code [30 ILCS 500].
SECRETARY OF STATE
a) Bid security will be required pursuant to Section 2000.220, but will not be required on negotiations, emergency or sole source procurements.
b) Performance security will be required pursuant to Section 2000.220, and will be required on contracts calling for advance payment.