TITLE 44: GOVERNMENT CONTRACTS, GRANTMAKING, PROCUREMENTS, AND PROPERTY MANAGEMENT
SUBTITLE A: PROCUREMENT AND CONTRACT PROVISIONS
CHAPTER V: DEPARTMENT OF CENTRAL MANAGEMENT SERVICES
PART 20 SERVICE-DISABLED AND VETERAN-OWNED SMALL BUSINESSES
SECTION 20.700 SPECIAL ASSISTANCE
Section 20.700 Special Assistance
a) Purchasing agencies may waive or reduce bond requirements for certified vendors when allowed by law and when the reduced bond amount would adequately protect the State's interests.
b) Purchasing agencies may enter into contracts with certified vendors that contain a provision allowing advance or progress payments or both, except that a construction contract may not contain an advance payment provision. The advance or progress payment provision may be added to a contract at any time by agreement of the parties. Agencies must consider the application of Section 9.05 of the State Finance Act [30 ILCS 105/9.05] before including the provisions in contracts.