Section 105IAC11-1-6. "Bid bond" defined  


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  •    "Bid bond" means the approved form of security furnished with a bid to guarantee that the bidder will enter into the contract if the bidder is awarded the contract. (Indiana Department of Transportation; 105 IAC 11-1-6; filed Jul 25, 1991, 3:30 p.m.: 14 IR 2182; readopted filed Nov 7, 2001, 3:20 p.m.: 25 IR 899; filed May 23, 2007, 2:58 p.m.: 20070620-IR-105070036FRA; readopted filed Oct 2, 2013, 11:39 a.m.: 20131030-IR-105130295RFA)