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.
Cal. Pub. Cont. Code § 21568.9
Metropolitan Water District of Southern California-Alternative Project Delivery Program
Added by Stats. 2022, Ch. 275, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.