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December 21, 2024 Clouds | 24°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title VII CITIES, TOWNS AND DISTRICTS
  4. Chapter 40 POWERS AND DUTIES OF CITIES AND TOWNS
  5. Section 66 Terms and conditions of contract awarded under Secs. 61 to 69; bond or other security for the obligation of selected offeror

Section 66

Section 66: Terms and conditions of contract awarded under Secs. 61 to 69; bond or other security for the obligation of selected offeror

Section 66. A contract awarded under sections 61 to 69, inclusive, shall be subject to such terms and conditions as the governmental unit shall determine to be in its best interest. The selected offeror shall furnish to the governmental unit performance bonds, payment bonds or other forms of security for the selected offeror's obligations, and insurance, satisfactory to the governmental unit.