Special Assistance

Section 10 Section 10.80  Special Assistance a)         Purchasing agencies may waive or reduce bond requirements for certified vendors when allowed by law and when the reduced bond amount would adequately protect the State's interests. b)         Purchasing agencies may enter into contracts with certified vendors that contain a provision allowing advance or progress payments or both, except that a construction contract may not contain an advance payment provision.  The advance or progress payment provision may be added to a contract at any time by agreement of the parties.  Agencies must consider the application of Section 9.05 of the State Finance Act [30 ILCS 105/9.05] before including such provisions in contracts. c)         With the prior general approval of the Council, the Chief Procurement Officer for General Services may, by express written authorization, allow purchasing agencies to establish set-asides and other such preferences for BEP certified vendors.