53 Pa. Stat. § 56804

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 56804 - Bonds for protection of labor and materials

Before a contract exceeding ten thousand dollars is awarded to a prime contractor or construction manager for the construction, erection, installation, completion, alteration, repair of or addition to a public work or improvement of any kind, the contractor shall furnish to the township a payment bond for the protection of claimants supplying labor or materials to the prime contractor to whom the contract is awarded, at no less than one hundred percent of the contract amount, conditioned for the prompt payment of the materials furnished or labor supplied or performed in the prosecution of the contract under the act of December 20, 1967 (P.L. 869, No. 385), known as the "Public Works Contractors' Bond Law of 1967." The bond requirement is in addition to any other bond requirement required by law to be given in connection with the contract.

53 P.S. § 56804

1931, June 24, P.L. 1206, art. XVIII, § 1804. Amended 1959, June 30, P.L. 490, § 1; 1967, Oct. 9, P.L. 375, § 2; 2020, Oct. 29, P.L. 782, No. 96, § 66.1, effective in 60 days [Dec. 28, 2020].