California Public Contract Code

§ 10264

PCC § 10264 Effective Sep 27, 2002Div. 2 · Part 2 · Ch. 1 · Art. 8

Statute text

(a)With the exception of projects over water requiring marine access, and which have a contract amount greater than twenty-five million dollars ($25,000,000), in addition to the provisions for partial payment made in Section 10261, the department may make partial payments for the mobilization costs of a contract subject to this chapter, not to exceed the following:

(1)When 5 percent of the original contract amount is earned, 50 percent of the amount bid for mobilization, or 5 percent of the original contract amount, whichever is lesser, may be paid.

(2)When 10 percent of the original contract amount is earned, 75 percent of the amount bid for mobilization or 7.5 percent of the original contract amount, whichever is lesser, may be paid.

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Legislative history

Amended by Stats. 2002, Ch. 965, Sec. 2. Effective September 27, 2002.