Ill. Admin. Code tit. 71, § 2000.215 - New Bidders
a)
Bidders not having a history of performance shall be considered responsible if
no other disqualifying factors exist. A bond or other security shall be
required for such Bidders.
b)
Bidders who are newly formed business concerns having substantially the same
owners, officers, directors, or beneficiaries as a previously existing
not-responsible Bidder, defined as persons having a controlling interest or 10%
or more of any interest, will be declared not-responsible unless the new
organization can prove it was not set up for the purpose of avoiding an earlier
declaration of non-responsibility.
Notes
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