Hawaii HB2265 HD1 Maintains Performance Bond Requirement

The State of Hawaii recently proposed legislation HB2265 that would make Act 175 amendments to section 103D-305 permanent. These changes raised the qualifying amount for small purchase procedures to $250,000 for construction and $100,000 for goods and services.

More importantly for the surety bond professionals serving the Hawaii market, procurements more than $50,000 require performance bonds.