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What's New: Government Affairs

SFAA’s Bill to Require Bonding for P3s in Indiana Moving in the House with Amendments

Thursday, February 1, 2018  
  SFAA’s Bill to Require Bonding for P3s in Indiana Moving in the House with Amendments 

Indiana HB 1301 would amend the three existing P3 laws to require bonding. For these projects, the bill would require a performance bond in an amount equal to at least 25% of the cost to design and construct the project and a payment bond that is conditioned on payment for labor and material furnished for use in the construction of the project. The bill was amended on second reading in the House to reduce the performance bond amount to 25% and it is expected to pass the House soon with this change.

Members should visit Government Relations / General Info (Members) for more information.



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