Illinois General Assembly - Illinois Compiled Statutes

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30 ILCS 500/33-55

(30 ILCS 500/33-55)

Sec. 33-55. Prohibited conduct.

 No construction management services
contract may be awarded by the Board on a negotiated basis as provided in
this Article if the construction manager or an entity that controls, is
controlled
by, or shares common ownership or control with the construction manager (i)
guarantees, warrants, or otherwise assumes financial responsibility for the
work of others on the project; (ii) provides the Board with a guaranteed
maximum price for the work of others on the project; or (iii)  furnishes or
guarantees a performance or payment bond for other contractors on the project.
In any such case, the contract for construction management services must be let
by competitive bidding as in the case of contracts for construction work.

(Source: P.A. 94-532, eff. 8-10-05.)