Section 10198.3 - Payment and performance bonds(a) The design-build entity shall provide payment and performance bonds for the project in the form and in the amount required by the director, and 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 project.(c) The department shall develop a standard form of payment and performance bond for its design-build projects.Ca. Pub. Cont. Code § 10198.3
Added by Stats 2021 ch 77 (AB 137),s 26, eff. 7/16/2021.