(70 ILCS 200/2-130)
Bids and advertisements.
Advertisements for bids shall be published at least twice in
a daily newspaper of general circulation published in the metropolitan
area, the last publication to be at least 10 calendar days before the time
for receiving bids, and such advertisements shall also be posted on readily
accessible bulletin boards in the principal office of the Authority.
Such advertisements shall state the time and place for receiving and
opening bids and, by reference to plans and specifications on file at the
time of the first publication, or in the advertisement itself, shall
describe the character of the proposed contract in sufficient detail to
fully advise prospective bidders of their obligations and to ensure free
and open competitive bidding.
All bids in response to advertisements shall be sealed and shall be
publicly opened by the Board, and all bidders shall be entitled to be
present in person or by representatives. Cash or a certified or
satisfactory cashier's check, as a deposit of good faith, in a reasonable
amount to be fixed by the Board before advertising for bids, shall be
required with the proposal of each bidder. Bond for faithful performance
of the contract with surety or sureties satisfactory to the Board and
adequate insurance may be required in reasonable amounts to be fixed by the
Board before advertising for bids.
The contract shall be awarded as promptly as possible after the opening
of bids. The bid of the successful bidder, as well as the bids of the
unsuccessful bidders, shall be placed on file and be open to public
inspection. All bids shall be void if any disclosure of the terms of any
bid in response to an advertisement is made or permitted to be made by the
Board before the time fixed for opening bids.
(Source: P.A. 90-328, eff. 1-1-98.)