Texas Water Code

§ 17.183 — CONSTRUCTION CONTRACT REQUIREMENTS

WA § 17.183Title 2. WATER ADMINISTRATION · Part C. WATER DEVELOPMENT · Ch. 17. PUBLIC FUNDING · Art. E. PROVISIONS GENERALLY APPLICABLE TO FINANCIAL ASSISTANCE

Statute text

View on source

(a)The governing body of each political subdivision receiving financial assistance from the board shall require in all contracts for the construction of a project:

(1)that each bidder furnish a bid guarantee equivalent to five percent of the bid price;

(2)that each contractor awarded a construction contract furnish performance and payment bonds:

(A)the performance bond shall include without limitation guarantees that work done under the contract will be completed and performed according to approved plans and specifications and in accordance with sound construction principles and practices; and

(B)the performance and payment bonds shall be in a penal sum of not less than 100 percent of the contract price and remain in effect for one year beyond the date of approval by the engineer of the political subdivision;

(3)that payment be made in partial payments as the work progresses;

…

Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 207 (H.B. 4), Sec. 2.08, eff. September 1, 2013. Acts 2013, 83rd Leg., R.S., Ch. 1139 (H.B. 3605), Sec. 3, eff. September 1, 2013. Acts 2017, 85th Leg., R.S., Ch. 597 (S.B. 1289), Sec. 3, eff. September 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 597 (S.B. 1289), Sec. 4, eff. September 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 597 (S.B. 1289), Sec. 5, eff. September 1, 2017.