OAR 125-249-0460: Performance and Payment Security; Waiver

Edition: Current OARD snapshotEffective: 2023-05-01Last verified: 2026-09-07

(1) See OAR 137-049-0460. (2) In addition to OAR 137-049-0460, an Authorized Agency having delegated Authority according to OAR 125-246-0170 may, in its discretion, waive the bid security requirements and performance and payment requirements if the amount of the Contract for the Public Improvement is less than $100,000.

Official history and status

Statutory/Other Authority: ORS 279A.065(5)(a) & 279A.070

Statutes/Other Implemented: ORS 279C.375, 279C.380 & 279C.390

History: DAS 1-2023, amend filed 04/11/2023, effective 05/01/2023 DAS 6-2022, temporary amend filed 11/07/2022, effective 11/07/2022 through 05/05/2023 DAS 3-2011, f. 12-22-11, cert. ef. 1-1-12 DAS 6-2008, f. & cert. ef. 7-2-08 DAS 5-2006, f. & cert. ef. 5-31-06 DAS 4-2004, f. 11-23-04, cert. ef. 3-1-05

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Official source: https://secure.sos.state.or.us/oard/