California Public Contract Code 10198.3 – (a) The design-build entity shall provide payment and …
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(a) The design-build entity shall provide payment and performance bonds for the project in the form and in the amount required by the director, and issued by a California admitted surety. The amount of the payment bond shall not be less than the amount of the performance bond.
(b) The design-build contract shall require errors and omissions insurance coverage for the design elements of the project.
Terms Used In California Public Contract Code 10198.3
- Contract: A legal written agreement that becomes binding when signed.
- project: includes the erection, construction, alteration, repair, or improvement of any state structure, building, road, or other state improvement of any kind that will exceed a total cost calculated pursuant to subdivision (b). See California Public Contract Code 10105
(c) The department shall develop a standard form of payment and performance bond for its design-build projects.
(Added by Stats. 2021, Ch. 77, Sec. 26. (AB 137) Effective July 16, 2021.)