Section 10215.3 - [Effective until 12/31/2033] Payment and performance bonds(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 director, 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.(c) The department shall develop a standard form of payment and performance bond for its design-build projects.Ca. Pub. Cont. Code § 10215.3
Added by Stats 2023 ch 58 (SB 146),s 3, eff. 7/10/2023.