Or. Admin. Code § 629-029-0140
Current through Register Vol. 63, No. 12, December 1, 2024
PURCHASERS must "qualify" under the terms of the contract within 30 days of contract award. To "qualify" a PURCHASER must submit the first payment, proof of insurance and an adequate performance bond, as stated in the Notice and in the contract documents. If a PURCHASER fails to "qualify" within the required 30 days, the STATE may retain any bid deposit submitted by PURCHASER as liquidated damages. In no event shall a PURCHASER be permitted to conduct operations under a contract prior to meeting the qualification requirements for that contract.
Or. Admin. Code § 629-029-0140
Stat. Auth.: ORS 526.041
Stats. Implemented: ORS 530.050