13-1-148.1. Bonding of subcontractors.
48 words·~1 min read·
/nm/chapter-13-public-purchases-and-property/article-1-procurement/13-1-148-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A subcontractor shall provide a performance and payment bond on a public works building project if the subcontractor's contract for work to be performed on a project is one hundred twenty-five thousand dollars ($125,000) or more.
History: Laws 2005, ch. 99, § 1; 2007, ch. 265, § 1.