Montana SB29 allows electronic submission of bid bonds for state construction projects.
Montana SB29 amends the state's bid security requirements to permit electronic submission of bid bonds for state building or construction projects. This change allows the state or other governmental entities to accept electronic bid bonds signed electronically or otherwise verified by the bidder and the surety. The bill also maintains the option for bid security to be provided in various forms, including cash, checks, and certificates of deposit. This change aims to modernize the bidding process for state projects.
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