California Public Contract Code 10199.3 – (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 design-build project in the form and in the amount required by the secretary, which are 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 design-build project.
Terms Used In California Public Contract Code 10199.3
- 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 project.
(Added by Stats. 2023, Ch. 47, Sec. 25. (AB 134) Effective July 10, 2023.)