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Indiana Code Title 5. State and Local Administration § 5-30-8-4

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 4. (a) The public agency:

(1) shall require the design-builder to furnish performance and payment bonds for the project if the estimated cost of the project is more than two hundred thousand dollars ($200,000);  and

(2) may require the design-builder to furnish performance and payment bonds for the project if the estimated cost of the project is not more than two hundred thousand dollars ($200,000).

(b) A performance or payment bond is not required for, and does not provide coverage for, the part of a design-build contract that includes design services only.

(c) Subsection (b) does not impair the ability of the public agency to seek recovery under the contract from the design-builder for errors, omissions, or defects in the design services.

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Cite this article: FindLaw.com - Indiana Code Title 5. State and Local Administration § 5-30-8-4 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-5-state-and-local-administration/in-code-sect-5-30-8-4/

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