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SCHOOL FACILITIES <br />9255 <br />Page 1 of 1 <br /> <br />Bonneville Joint School District No. 93 <br /> <br />CONTRACTOR LICENSE, SURETY BONDS, AND INSURANCE <br /> <br />No contract shall be let to any contractor who is not licensed as required by the laws of <br />this state. Before any contract is awarded to any person, such person shall furnish to <br />the District performance and payment bonds that shall become binding upon award of <br />the contract to a contractor as follows: <br /> <br />1. Bid bond in an amount not less than five percent (5%) of total bid shall be included <br />with the bid. <br /> <br />2. Performance bonds in an amount not less than one hundred percent (100%) of the <br />contract amount for the sole protection of the District; and <br /> <br />3. Payment bond in an amount less than one hundred percent (100%) of the contract <br />amount for the protection of persons supplying labor or materials, or renting or <br />otherwise supplying equipment to the contractor and/or his subcontractors in the <br />prosecution of the work performed under the contract. <br /> <br /> <br />Adopted 06-14-2006 Reviewed 07-13-2020 Revised <br /> <br /> <br /> <br />Legal Reference: Idaho Code § 54-1902 Unlawful to engage in public works contracting without <br />license - Investigations <br /> Idaho Code § 54-1925 et seq. Public contracts Bond Act <br />Legal References: Idaho Code § 67-2320 Professional Service Contracts with Design <br />Professionals, Construction Managers and Professional Land Surveyors <br />