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Texas Local Government Code - LOC GOV'T § 252.044. Contractor's Bond

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) If the contract is for the construction of public works, the bidder to whom the contract is awarded must execute a good and sufficient bond.  The bond must be:

(1) in the full amount of the contract price;

(2) conditioned that the contractor will faithfully perform the contract;  and

(3) executed, in accordance with Chapter 2253, Government Code, by a surety company authorized to do business in the state.

(b) Repealed by Acts 1993, 73rd Leg., ch. 865, § 2, eff. Sept. 1, 1993.

(c) The governing body of a home-rule municipality by ordinance may adopt the provisions of this section and Chapter 2253, Government Code, relating to contractors' surety bonds, regardless of a conflicting provision in the municipality's charter.

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Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 252.044. Contractor's Bond - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-252-044/

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