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State of Illinois CAPITAL DEVELOPMENT BOARD BIDDING & CONTRACT REQUIREMENTS Document 00 41 06 Bid Bond as Principal, and a corporation of the State of as Surety, are held and firmly bound unto
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Bidding and contract requirements refer to the specific terms and conditions that need to be met in order to bid on a contract and ultimately fulfill the obligations of that contract.
Any individual or organization that wishes to participate in a bidding process for a contract is required to meet the bidding and contract requirements.
Bidding and contract requirements are typically filled out by completing a bid form or proposal document that outlines the necessary information and terms to be considered for the contract.
The purpose of bidding and contract requirements is to ensure that all bidders are on a level playing field and that the contract is awarded to the most qualified and capable candidate.
The information required on bidding and contract requirements may vary, but typically includes details such as company background, qualifications, proposed pricing, and terms and conditions.
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