Cal. Pub. Contract Code § 21568.9
Current through the 2023 Legislative Session.
If the district elects to award a project pursuant to this article, retention proceeds withheld by the district from the design-build entity or Construction Manager/General Contractor shall not exceed 5 percent if a performance and payment bond, issued by an admitted surety insurer, is required in the solicitation of bids.
Ca. Pub. Cont. Code § 21568.9