(A) The contractor will be required to furnish a corporate surety bond as security for the performance of this contract.
(B) (1) Premium for such bond shall be paid by the contractor.
(2) A certificate from the surety showing that the bond premiums are paid in full shall accompany the bond.
(C) The surety on the bond shall be a duly authorized corporate surety company authorized to do business in the state.
(2011 Code, § 17-210)