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California Public Contract Code

§ 20473

PCC § 20473Div. 2 · Part 3 · Ch. 1 · Art. 28

Statute text

View on leginfo.ca.gov
Before the making of any contract the bidder shall give a bond to the district for the faithful performance of his contract, which shall be signed by the bidder and sureties satisfactory to the commission, in an amount equal to at least 50 percent of the amount of the contract price and shall give another bond conditioned upon the payment of claims for labor and material in connection with the performance of his contract containing the terms and conditions set forth in Chapter 3 of Division 5 of Title 1 of the Government Code and subject to the provisions of that chapter.

Legislative history

Added by Stats. 1982, Ch. 465, Sec. 11.

Source: California Public Contract Code § 20473 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.