Statutes, codes, and regulations
CALIFORNIA CODES
CALIFORNIA PUBLIC CONTRACT CODEDivision 2 - GENERAL PROVISIONSPart 3 - CONTRACTING BY LOCAL AGENCIESChapter 1.5 - WATER DISTRICT ACTS
Article 121.1 - METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA - ALTERNATIVE PROJECT DELIVERY PROGRAM
Section 21568.9 - Retention proceeds not exceed 5 percent when performance and payment bond required

Cal. Pub. Contract Code § 21568.9

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Current through the 2023 Legislative Session.
Section 21568.9 - Retention proceeds not exceed 5 percent when performance and payment bond required

If the district elects to award a project pursuant to this article, retention proceeds withheld by the district from the design-build entity or Construction Manager/General Contractor shall not exceed 5 percent if a performance and payment bond, issued by an admitted surety insurer, is required in the solicitation of bids.

Ca. Pub. Cont. Code § 21568.9

Added by Stats 2022 ch 275 (AB 1845),s 2, eff. 1/1/2023.