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Code · California · Public Contract Code

§ 21568.9

50 words·~1 min read·/ca/public-contract-code/21568-9

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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.
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