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(65 ILCS 5/8-10-7) (from Ch. 24, par. 8-10-7)
Sec. 8-10-7.
All proposals to award purchase orders or contracts
involving amounts in excess of $10,000 shall be published at least 10
days, excluding Sundays and legal holidays, in advance of the date
announced for the receiving of bids, in a secular English language daily
newspaper of general circulation throughout such municipality and shall
simultaneously be posted on readily accessible bulletin boards in the
office of the purchasing agent. Nothing contained in this section shall
be construed to prohibit the purchasing agent from placing additional
announcements in recognized trade journals. Advertisements for bids
shall describe the character of the proposed contract or agreement in
sufficient detail to enable the bidders thereon to know what their
obligations will be, either in the advertisement itself, or by reference
to detailed plans and specifications on file at the time of the
publication of the first announcement. Such advertisement shall also
state the date, time and place assigned for the opening of bids, and no
bids shall be received at any time subsequent to the time indicated in
the announcement. However, an extension of time may be granted for the
opening of such bids upon publication in a secular English newspaper of
general circulation throughout such municipality of the date to which
the bid opening has been extended. The time of the bid extension opening
shall not be less than 5 days after the publication thereof, Sundays and
legal holidays excluded.
Cash, cashier's check, a certified check, a comptroller's
certificate of moneys owed the particular vendor, or a bid bond with
adequate surety approved by the purchasing agent as a deposit of good
faith, in a reasonable amount, but not in excess of 10% of the contract
amount may be required of each bidder by the purchasing agent on all
bids involving amounts in excess of $10,000 and, if so required, the
advertisement for bids shall so specify.
(Source: P.A. 84-1269.)
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