City of Spokane

Spokane Municipal Code

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Title 07
Chapter 07.06
Section 07.06.320
 

Title 07 Finance

Chapter 07.06 Procurement of Goods, Services and Works

Article V. Bid Security and Performance Bonds

Section 07.06.320 Performance and Payment Bonds - Public Works
  1. When Required – Amounts.
    Except as provided by state law, when a Public Works contract is awarded, a performance and payment bond(s) satisfactory to the City and executed by a surety company authorized to do business in the state of Washington, or otherwise secured in a manner satisfactory to the City, in an amount equal to one hundred percent (100%) or more of the price specified in the contract, must be delivered to the City to become binding on the parties upon the execution of the contract.

  2. Authority to Require Additional Bonds.
    Nothing in this section limits the authority of the City to require a performance bond or other security in addition to the aforementioned bonds, or in circumstances other than specified in subsection (A) of this section.

Date Passed: Monday, March 12, 2018

Effective Date: Saturday, April 21, 2018

ORD C35602 Section 2