Illinois Code § 605 ILCS 5/6-409

No contract so made shall be considered as let unless the
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contractor shall, within 15 days after the final award of the same, enter
into contract and file a bond with good and sufficient sureties with the
highway commissioner, in the penal sum at least equal to the amount of the
contract, payable to the commissioner of the district, upon failure to
comply with the conditions of such contract.

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