Cal. Pub. Contract Code § 20462

Current through the 2023 Legislative Session.
Section 20462 - Contractor's bond if contractor disputes correctness or validity of claim filed

If any contractor disputes the correctness or validity of any claim filed pursuant to this chapter, the city or superintendent of streets may permit the contractor to deliver to the city or superintendent of streets a bond satisfactory to said city or superintendent of streets executed by the contractor and some corporation authorized to issue surety bonds in a penal sum equal to one and one-fourth times the amount of the claim.

Ca. Pub. Cont. Code § 20462

Added by Stats. 1982, Ch. 465, Sec. 11.