334.185 Financial responsibility for construction, material, or design failures; review of contracts; financial assurances.
116 words·~1 min read·
/fl/title-xxvi/chapter-334/334-185A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The department shall request its legal staff, prior to awarding any contract, to review the contract to determine the responsibilities of the parties for construction, material, or design failures. The department shall, whenever practical, minimize its responsibility for such failures. The department legal staff shall review and comment on all contracts to:
(1)Determine the legal responsibility for construction, material, or design failures.
(2)Advise the department on ways to minimize the responsibility of the department for such failures.
The department may require financial assurances, including, but not limited to, bonds, liability insurance or other form of insurance, or letters of credit, to provide that the responsibilities of the parties to a contract will be met.