Section 10192 - [Effective until 1/1/2025] Payment and performance bonds; errors and omissions insurance(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.(c) The department shall develop a standard form of payment and performance bond for its design-build projects.Ca. Pub. Cont. Code § 10192
Added by Stats 2014 ch 931 (SB 785),s 6, eff. 1/1/2015.