Title 07 Finance
Chapter 07.02 Bonds in Favor of City
Section 07.02.040 Public Contracts
- Contractors for public works are required to furnish, as a matter of execution of the contract, either separate or combination performance and payment bonds in an amount at least equal to the contract price.
- Contractors for furnishing goods, materials and/or services may be required to furnish a performance and payment bond in an amount fixed in the invitation or request for proposals documents.
Date Passed: Monday, May 7, 2007
Effective Date: Wednesday, June 20, 2007
Recodification ORD C34024 Section 1