California Payment Bond Law
Chapter 7. Payment Bond For Public Works - Justia Law
2010 California Code Civil Code Chapter 7. Payment Bond For Public Works CIVIL CODE SECTION 3247-3252 3247. a Every original contractor to whom is awarded a contract by a public entity except as provided in subdivision d of Section 7103 of the Public Contract Code involving an expenditure in excess of twenty-five thousand dollars $25 000
Actived: Monday Aug 12, 2019 (10 days ago)Get URL
Protecting Your Claim On California Public Works Projects
Under California law a prime contractor must file a Payment Bond on all State Public Works Projects in excess of $5 000 and on all other public works in excess of $25 000. The Public Entity awarding the contract must approve the bond before work begins. Until the Bond is posted the Public Entity is not allowed to pay the general contractor.
Actived: Sunday Aug 18, 2019 (5 days ago)Get URL
A Guide To California Payment Bond Claims and Stop Notices
The Construction Payment Blog welcomes Seth Smiley who contributes this guest post about payment bond claims in Louisiana. Seth is a partner at Wolfe Law Group and a contributor to that firm s Construction Law Monitor blog.
Actived: Friday Aug 16, 2019 (6 days ago)Get URL
New California Laws Significantly Change Construction
Recent California legislation revamps and renumbers statutes relating to preliminary notices payment releases mechanics liens payment bond claims and prompt payment and retention requirements. Failure to know and comply with these new requirements can result in a forfeiture of your statutory payment remedies. In these challenging economic
Actived: Saturday Aug 17, 2019 (5 days ago)Get URL
Performance and Payment Bonds - New Changes in California
Recent legislation in California will result in some changes to how public entities procure construction work. Both new laws specifically address the need to provide surety bonds as part of the procurement process.
Actived: Tuesday Aug 20, 2019 (2 days ago)Get URL
New California Construction Laws for 2018 - Smith Currie
The California Legislature introduced over 2980 bills in the first half of the 2017-2018 session. Below are summaries of some of the more important bills affecting contractors in their roles as contractors effective January 1 2018 unless otherwise noted.
Actived: Monday Aug 19, 2019 (4 days ago)Get URL
Construction Bonds What Every Contractor and Owner Should
a bond for a premium related to the value of the bond. The ultimate benefit of the bond is that if The ultimate benefit of the bond is that if the principal defaults in its obligations tied to the bond those entitled to benefit from the bond may
Actived: Sunday Aug 18, 2019 (4 days ago)Get URL
2007 California Public Contract Code Article - Justia Law
The payment bond shall secure the payment of the claims of laborers mechanics or materialmen employed on the work under the contract and shall contain all other provisions required by law. 10224. The performance bond shall guarantee the faithful performance of the contract by the contractor. 10225. No payment shall be made upon the contract to the contractor or any assignee of the contractor
Actived: Tuesday Aug 20, 2019 (3 days ago)Get URL
Codes Display Text - California Legislative Information
9552. If a payment bond is not given and approved as required by Section 9550 a Neither the public entity awarding the public works contract nor any officer of the public entity shall audit allow or pay a claim of the direct contractor pursuant to the contract.
Actived: Friday Aug 16, 2019 (7 days ago)Get URL