Illinois General Assembly - Illinois Compiled Statutes

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70 ILCS 2605/11.13

(70 ILCS 2605/11.13) (from Ch. 42, par. 331.13)

Sec. 11.13.

Bond, with sufficient sureties, in such amount as shall
be deemed adequate by the director of procurement and materials management not only to insure
performance of the contract in the time and manner specified in said
contract but also to save, indemnify and keep harmless the sanitary
district against all liabilities, judgments, costs and expenses which
may in anywise accrue against said sanitary district in consequence of
the granting of the contract or execution thereof shall be required for
all contracts relative to construction, rehabilitation or repair of any
of the works of the sanitary district and may be required of each bidder
upon all other contracts in excess of the mandatory competitive bid
threshold when, in the opinion of the director of procurement and materials management, the public interest will be better served thereby.

In accordance with the provisions of "An Act in relation to bonds of
contractors entering into contracts for public construction", approved
June 20, 1931, as amended, all contracts for construction work, to which
the sanitary district is a party, shall require that the contractor
furnish bond guaranteeing payment for materials and labor utilized in
the contract.

(Source: P.A. 95-923, eff. 1-1-09.)