PCC § 10222
Where this section sits in the code
- Public Contract Code - PCC
- DIVISION 2. GENERAL PROVISIONS [1100. - 22355.]
- PART 2. CONTRACTING BY STATE AGENCIES [10100. - 19150.]
- CHAPTER 1. State Contract Act [10100. - 10285.5.]
- ARTICLE 7. Contract Requirements [10220. - 10232.]
(a) Each bond shall equal at least one-half of the contract price, except as otherwise provided in Section 9554 of the Civil Code, in the California Toll Bridge Authority Act (Chapter 1 (commencing with Section 30000) of Division 7 of the Streets and Highways Code), or in subdivision (b).
(b) Notwithstanding subdivision (a), for projects with a contract price greater than two hundred fifty million dollars ($250,000,000), the Department of Transportation shall have the discretion to specify that the payment bond shall equal not less than one-half of the contract price or five hundred million dollars ($500,000,000), whichever is less.
Collected 2026-09-14T05:56:33Z. Source file · JSON