Legal Documents of Baneberry

Code of Baneberry

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 2 Purchasing Procedures » § 5-211 Performance and payment bonds.
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Title 5
5-1
Title 5, Chapter 1
5-101
§ 5-101
Baneberry
Title 5 : Municipal Finance and Taxation
Chapter 2 : Purchasing Procedures

5-211 : Performance and payment bonds.

The purchasing agent shall have the authority to require a performance bond, before entering into a contract, in such form and amount as he shall find reasonably necessary to protect the best interests of the city in accordance with the penalties provided by Tennessee Code Annotated. The purchasing agent may also require a payment bond and a labor and material bond, before entering into a contract, in such form and amount as he or she shall deem necessary to protect the best interest of the city. (Ord. #216-2, March 2016)