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ARKANSAS STATUTES AND CODES
§ 14-300-305 - Bond of contractor.
14-300-305. Bond of contractor.
When a contract is awarded to any bidder, he shall be required to give a good and sufficient bond, to be approved by the commissioners, in a sum equal to twenty-five percent (25%) of the full amount of the bid, conditioned for the faithful performance of the contract within the time limited therefor.
When a contract is awarded to any bidder, he shall be required to give a good and sufficient bond, to be approved by the commissioners, in a sum equal to twenty-five percent (25%) of the full amount of the bid, conditioned for the faithful performance of the contract within the time limited therefor.
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