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.
Cal. Pub. Cont. Code § 20426
Legislative Bodies—Improvement Act of 1911
Known as the Local Agency Public Construction Act
The act spans §§ 20100–20929 (618 sections).
Amended by Stats. 1983, Ch. 18, Sec. 32
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.