{"data":{"id":"us-in/ic-5-30-8-4","jurisdiction":"us-in","citation":"IC 5-30-8-4","heading":"Performance and payment bonds required","body":"Sec. 4. (a) The public agency:\n(1) shall require the design-builder to furnish performance and payment bonds for the project if the estimated cost of the project is more than two hundred thousand dollars ($200,000); and\n(2) may require the design-builder to furnish performance and payment bonds for the project if the estimated cost of the project is not more than two hundred thousand dollars ($200,000).\n(b) A performance or payment bond is not required for, and does not provide coverage for, the part of a design-build contract that includes design services only.\n(c) Subsection (b) does not impair the ability of the public agency to seek recovery under the contract from the design-builder for errors, omissions, or defects in the design services.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 30. DESIGN-BUILD PUBLIC WORKS PROJECTS","Chapter 8. Miscellaneous Provisions"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-30-8-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"3b2f5e60f5480365e4ea02cdbdc97553a375705c2051716a367094f0683fa41a","source_id":"us-in","stale":false,"prev":"us-in/ic-5-30-8-3","next":"us-in/ic-5-30-8-5"},"notice":"GroundRules: Original legal text. Not legal advice."}