Sen. Lawson’s Bill Signed into Law
Bill amends the requirements of public project contractors to furnish project bonds
State House – Sen. Valarie J. Lawson’s (D-Dist. 14, East Providence) legislation (2019-S 0585) which requires road and bridge contractors for the Department of Transportation to furnish a bond equal to at least 50 percent of the contract price on contracts in excess of $150,000 was signed into law by Governor Gina M. Raimondo.
“With the massive investment the state is currently making to fix our roads and bridges, it became necessary to update the laws concerning the work done by contractors of RIDOT on these important public projects. These changes to the law will not only ensure that these projects are being done correctly and safely, but also, it will allow for taxpayer funds to be used in the most cost-effective manner,” said Senator Lawson.
The legislation amends the statutory bonding requirements for public projects which have not been amended in 20 years. The amendment will increase the pool of companies that can bid on state projects which could potentially increase competition and lower costs for taxpayers.