Before the making of any contract the bidder shall give a bond to the district for the faithful performance of his contract, which shall be signed by the bidder and sureties satisfactory to the commission in an amount equal to at least 50 percent of the amount of the contract price.
Cal. Pub. Cont. Code § 20553
Boulevard Districts
Known as the Local Agency Public Construction Act
The act spans §§ 20100–20929 (618 sections).
Added by Stats. 1982, Ch. 465, Sec. 11.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.