Tennessee § 62-6-129 - Bid bonds.
Full text of Tennessee Tennessee Code Annotated § 62-6-129 — Bid bonds., with citation guidance and answers to common questions.
§ 62-6-129. Bid bonds.
In addition to any applicable requirement of § 12-4-201 , no contract for the services of a construction manager shall be awarded for any public work in this state by any city, county or state authority or any board of education unless there is posted at the time of the submittal of a proposal for services by a construction manager a bid bond equal to ten percent (10%) of the value of the services proposed and the value of the work to be managed or may at the time of contracting provide payment and performance bonds in amounts equal to the combined monetary value of the services of the construction manager and the value of the work to be so managed. Acts 1995, ch. 342, § 1.
Frequently Asked Questions About Tennessee § 62-6-129
What does Tennessee Code Annotated § 62-6-129 cover?
Section 62-6-129 ("Bid bonds.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 62-6-129?
A common citation format is "Tennessee Code Annotated § 62-6-129" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 62-6-129 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.