105 Ind. Admin. Code 12-1-15
Current through December 12, 2024
Authority: IC 8-23-2-6
Affected: IC 4-13.4-2-3
Sec. 15.
"Performance bond" means the approved form of security, furnished and executed by the bidder and its surety or sureties, guaranteeing complete execution of the contract and all supplemental agreements pertaining thereto and for the payment of all legal debts pertaining to the furnishing of the supplies or services. The performance bond will be in effect after both parties have signed the contract and the contract has been approved by the attorney general of the state of Indiana.
105 IAC 12-1-15