S2504 — Increases State contract sum eligible for payment and performance bond waiver to not more than $300,000; provides for CPI inflation adjustment every four years.

S2504 — Increases State contract sum eligible for payment and performance bond waiver to not more than $300,000; provides for CPI inflation adjustment every four years. · Informed CitizenryThis bill amends N.J.S.2A:44-143 to increase the maximum contract sum for which the State may waive payment and performance bond requirements from $200,000 to $300,000. The bill also establishes an…Open in Informed Citizenry