102523CM1056 rSPRINGFIELD – In an attempt to ensure small contractors and firms have access to bid opportunities with the state, an amended version of State Senator Ram Villivalam’s bill, Senate Bill 157, that reforms the bond process and paves the way for more diversity in state contracting was included in a legislative package.

“Leveling the playing field so smaller bidders can do business with the state is an important part of the commerce process,” said Villivalam (D-Chicago). “This legislation is a significant step toward diversifying the field so the public works bid process is more equitable for smaller contractors in Illinois.”

House Bill 2878 raises the surety bond threshold for the next five years so bidders on projects under $150,000 have an easier time gaining contracts. The measure gives local governments the ability to contract on the smaller projects without a surety bond, but it also gives them the tools to require a bond for a project under $150,000 if it is passed by ordinance or resolution.

House Bill 2878 passed both chambers of the General Assembly on Wednesday.

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