{"data":{"id":"us-in/ic-8-23-9-8","jurisdiction":"us-in","citation":"IC 8-23-9-8","heading":"Bid guarantee and performance bond requirements","body":"Sec. 8. The department:\n(1) shall require each bidder to submit a bid guarantee and a performance bond payable to the state with the bidder's proposal if the estimated cost of the project is more than two hundred thousand dollars ($200,000); and\n(2) may require a bidder to submit a bid guarantee and a performance bond payable to the state with the bidder's proposal if the estimated cost of the project is not more than two hundred thousand dollars ($200,000).\nInstead of the bond, the department may establish by rule the requirements that, in its discretion, are necessary to assure payment of subcontractors, suppliers, and employees by the contractor.","path":["TITLE 8. UTILITIES AND TRANSPORTATION","ARTICLE 23. INDIANA DEPARTMENT OF TRANSPORTATION","Chapter 9. State Highway Contracts; General Powers"],"source_url":"https://iga.in.gov/ic/2026/Title_8.html#8-23-9-8","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-04T20:08:46Z","sha256":"577072cb11e41b77c7f74ae943a3ab173a4125bfb1c13a6f1d8313b15312ee42","source_id":"us-in","stale":false,"prev":"us-in/ic-8-23-9-7","next":"us-in/ic-8-23-9-9"},"notice":"GroundRules: Original legal text. Not legal advice."}