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 Orlando
 Code of Ordinances
 Chapter 7. PROCUREMENT CODE
 Article VI. CONTRACTS

  § 7.604. Bid Security and Contract Performance Bonds.  

Latest version.

  • A.

    Bid Security. The City may require bid security for solicitations for construction, goods, or service contracts as the Chief Procurement Officer deems appropriate in the best interest of the City, in such form and content as is satisfactory to the Chief Procurement Officer.

    B.

    Contract Performance and Payment Bonds. Contract performance and payment bonds may be required for construction, goods or service contracts as the Chief Procurement Officer deems appropriate in the best interest of the City.

    C.

    Authority to Require Additional Bonds or Accept Other Security. Nothing in this section shall be construed to limit the authority of the Chief Procurement Officer to require or accept other bonds or other forms of security in lieu of, or in addition to, those bonds specified in subsections A and B of this section.

(Ord. No. 2012-44, §§ 1, 2(Att. A), 11-5-2012, Doc. #1211051201)