Acts and Regulations

82-109 - General

Section 15
Disposition versions

Full text
15(1)In this section and in section 16
“estimated contract value” means the estimated cost of carrying out the work as determined by the appropriate engineer or architect of the Crown.(valeur estimative du marché)
15(2)The Crown shall require a bid bond to be submitted with a tender if the estimated contract value of work to be performed is equal to or greater than five hundred thousand dollars.
15(3)The Crown may require a bid bond to be submitted with a tender if the estimated contract value of the work to be performed is less than five hundred thousand dollars.
15(4)A bid bond submitted pursuant to this section shall provide that if the tenderer is awarded the contract, a labour and material payment bond and performance bond shall be supplied to the Crown in accordance with the provisions of section 83 of the Construction Remedies Act by the same or another surety company.
15(5)Nothing in this section shall require the Crown to divulge the estimated contract value.
2020, c.29, s.108
15(1)In this section and in section 16
“estimated contract value” means the estimated cost of carrying out the work as determined by the appropriate engineer or architect of the Crown.(valeur estimative du marché)
15(2)The Crown shall require a bid bond to be submitted with a tender if the estimated contract value of work to be performed is equal to or greater than five hundred thousand dollars.
15(3)The Crown may require a bid bond to be submitted with a tender if the estimated contract value of the work to be performed is less than five hundred thousand dollars.
15(4)A bid bond submitted pursuant to this section shall provide that if the tenderer is awarded the contract, a performance bond and a labour and material payment bond shall be supplied to the Crown in accordance with the provisions of section 17 by the same or another surety company.
15(5)Nothing in this section shall require the Crown to divulge the estimated contract value.
15(1)In this section and in section 16
“estimated contract value” means the estimated cost of carrying out the work as determined by the appropriate engineer or architect of the Crown.
15(2)The Crown shall require a bid bond to be submitted with a tender if the estimated contract value of work to be performed is equal to or greater than five hundred thousand dollars.
15(3)The Crown may require a bid bond to be submitted with a tender if the estimated contract value of the work to be performed is less than five hundred thousand dollars.
15(4)A bid bond submitted pursuant to this section shall provide that if the tenderer is awarded the contract, a performance bond and a labour and material payment bond shall be supplied to the Crown in accordance with the provisions of section 17 by the same or another surety company.
15(5)Nothing in this section shall require the Crown to divulge the estimated contract value.