Section 10199.3 - Payment and performance bonds; insurance(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.(c) The department shall develop a standard form of payment and performance bond for its design-build project.Ca. Pub. Cont. Code § 10199.3
Added by Stats 2023 ch 47 (AB 134),s 25, eff. 7/10/2023.