Oregon Revised Statutes Chapter 552 § 552.428 — Letting construction contract; contractors bond or letter of credit
Oregon Revised Statutes Chapter 552 ·
Oregon Code § 552.428·Enacted ·Last updated March 01, 2026
Statute Text
Letting construction contract; contractors bond or letter of credit.
After advertising for bids, the
board shall let a contract for construction of the whole or any part of the
project to the lowest responsible bidder; or the board may reject any or all
bids and readvertise; or it may construct the project under its own superintendence.
Good and sufficient bond, or an irrevocable letter of credit issued by an
insured institution as defined in ORS 706.008 running in favor of the district,
shall be required of each contractor, conditioned that the contractor will well
and truly comply with all the provisions of the contract and perform all work
in accordance with the terms thereof. [1969 c.606 §37; 1991 c.331 §81; 1997
c.631 §491]
Plain English Explanation
This Oregon statute addresses Letting construction contract; contractors bond or letter of credit. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 552.428
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Letting construction contract; contractors bond or letter of credit. Read the full statute text above for details.
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The formal citation is Oregon Code § 552.428. Use this format in legal documents and court filings.
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