5-32-6-1. Cmc Payment Bond

Sec. 1. The CMc shall execute a payment bond to the public agency, approved by the public agency, in an amount equal to the GMP, if established, or the proposed construction cost. The payment bond must be conditioned for payment by the CMc, the CMc’s successors and assigns, and by the first tier subcontractors, their […]

5-32-6-2. Cmc Performance Bond

Sec. 2. (a) The CMc shall furnish proof of its ability to obtain a valid performance bond that is acceptable to the public agency in an amount equal to the GMP, if established, or the proposed construction cost. (b) The CMc shall furnish the bond at the time of an early release construction package or […]