R916-1-5. Bid Security Requirements

(1) Regardless of the delivery method, a bidder or proposer shall provide the department with bid security that meets the requirements of: (a) Sections 63G-6a-1102 and 63G-6a-1103; and (b) the solicitation or notice to contractors. (2) The executive director may waive a bid security requirement as provided in Subsection 63G-6a-1103(3). (3) A bidder or proposer shall provide the bid security in a form stated in the solicitation or notice to contractors.