Cal. Pub. Contract Code § 20426
Current through the 2023 Legislative Session.
All contractors, contracting owners included, shall, at the time of executing any contract for the work, execute a bond to the satisfaction and approval of the superintendent of streets and payable to the city, in a sum not less than 25 percent of the amount of the contract, conditioned upon the faithful performance of the contract.
Ca. Pub. Cont. Code § 20426