The bill amends sections 43-07-12 and 48-01.2-05 of the North Dakota Century Code, focusing on the requirements for bids related to public contract projects and the contents of advertisements for public improvement projects. It introduces a new requirement that all bids must include a copy of the contractor's current license enclosed in the bid bond envelope, and specifies that contracts cannot be awarded to contractors who do not hold the appropriate license at least ten days prior to the bid submission date. Additionally, the bill clarifies that this licensing requirement does not apply to bids submitted to the Department of Transportation, the Public Service Commission, or for federal aid highway funds.
Furthermore, the bill revises the contents of advertisements for bids, emphasizing that each bid must be accompanied by a separate envelope containing the contractor's license and bid security. It establishes that the bid security must equal five percent of the total bid amount and outlines the conditions under which a bidder's bond may be forfeited if the successful bidder fails to execute a contract within the specified timeframe. The bill also removes previous language regarding licensing requirements for bidders on municipal, rural, and industrial water supply projects, streamlining the bidding process for these specific projects.
Statutes affected: PREFILED: 48-01.2-05
Adopted by the Senate Energy and Natural Resources Committee: 43-07-12, 48-01.2-05
FIRST ENGROSSMENT: 43-07-12, 48-01.2-05
Enrollment: 43-07-12, 48-01.2-05
INTRODUCED: 48-01.2-05