state or any other form satisfactory to the District, which is for the protection of each person supplying labor, service, equipment, or material for the performance of the work provided for in the contract. The performance bond shall be delivered to the District within fourteen days of the contractor receiving notice of the award of the construction contract. If the contractor fails to deliver the required performance or payment bond, the contractor’s bid shall be rejected, its bid security may be enforced, and award of the contract may be made to the next lowest responsive and responsible bidder or next highest ranked offer. Neither the Board of Education nor the Procurement Officer may require a contractor to whom a contract is awarded to obtain a performance or payment bond from a specific insurance or surety company, producer, agent, or broker. Utah Code § 63G-6a-1103 (2014)
Utah Admin. Rules R33-11-301 (June 21, 2017) Utah Admin. Rules R33-11-303 (June 21, 2017)
1.1022.03 FORM OF BONDS Issue Date: 5/8/14 Updated: 01/03/19 CCB
The form of the bonds required by this policy shall be established by rule made by the Procurement Policy Board. Any person may obtain from the District a certified copy of a bond upon payment of the cost of reproduction of the bond and postage, if any. Utah Code § 63G-6a-1105 (2014)
1.1022.04 WAIVER OF BONDING REQUIREMENT Issue Date: 5/8/14 Updated: 01/03/19 CCB
The Procurement Officer or Board of Education or its designee may waive any bonding requirement if it determines in writing that: 1. bonds cannot reasonably be obtained for the work involved; 2. the cost of the bond exceeds the risk to the District; or 3. bonds are not necessary to protect the District’s interests. If the District fails to obtain a payment bond it may become liable for unpaid amounts as provided by Utah Code § 14-1-19. Utah Admin. Rules R33-11-303 (June 21, 2017)
1.1023 LIMITATION ON CHANGE ORDERS
1.1023.01 LIMITATION ON CHANGE ORDERS
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