Montana Code 60-2-113. Bidder’s security — contractor’s bond
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60-2-113. Bidder’s security — contractor’s bond. (1) (a) Subject to subsection (1)(b), whenever the commission calls for competitive bidding, each bidder shall meet all requirements of Title 18, chapter 1, part 2.
Terms Used In Montana Code 60-2-113
- Contract: A legal written agreement that becomes binding when signed.
(b)The commission may accept electronic bid bonds signed electronically or otherwise verified by the bidder and the surety.
(2)Each contractor awarded a contract by the commission shall meet all requirements set forth in Title 18, chapter 2, part 2. A contract is not considered to be completed until the commission, while formally convened, affirmatively accepts all of the work specified in the contract.