[HISTORY: Adopted by the Town Council of the Town of Smithfield 6-13-1976
(Sec. 2-1 of the 1985 Code of Ordinances). Amendments noted where applicable.]
GENERAL REFERENCES
Purchasing policy — See Ch. 81.
Whenever the Town shall enter into a contract for the performance of
services and the contract price in any one fiscal year shall be at a cost
to the Town in excess of $1,000, any and all bidders shall be required to
post a bid bond with a duly authorized bonding company for a value commensurate
with the value of the contract price to assure that the bidder will be awarded
a commensurate performance bond.[1]
[1]
Editor's Note: State law reference - Power of Town to make contracts,
G.L. 1956, § 45-2-4.
