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§ 2105. Bonding and progress payments

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 62 Pa.C.S.A. Procurement

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 62 Pa.C.S.A. Procurement (Refs & Annos)
Part I. Commonwealth Procurement Code (Refs & Annos)
Chapter 21. Small and Disadvantaged Businesses (Refs & Annos)
62 Pa.C.S.A. § 2105
§ 2105. Bonding and progress payments
Currentness
(a) Bonding.--Notwithstanding other provisions of this part, a purchasing agency may reduce the level or change the types of bonding normally required or accept alternative forms of security to the extent reasonably necessary to encourage procurement from small and disadvantaged businesses.
(b) Progress payments.--A purchasing agency may make special provisions for progress payments as it deems reasonably necessary to encourage procurement from small and disadvantaged businesses.

Credits

1998, May 15, P.L. 358, No. 57, § 1, effective in 180 days.
62 Pa.C.S.A. § 2105, PA ST 62 Pa.C.S.A. § 2105
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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