Public WorksQuestion 1599 of 1605
The performance bond on a public works project protects the:
a.Subcontractors' wages only
b.Contractor against its own defective work
c.Contractor's profit
d.Public agency (obligee) by guaranteeing the contractor completes the project per the contract
Explanation
The performance bond on a public works project protects the public agency (the obligee) by guaranteeing completion of the work per the contract. If the contractor defaults, the surety arranges completion or pays damages up to the bond amount.
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Related questions on this topic
- A city hires a contractor for a $50,000 public sidewalk repair. Regarding prevailing wages, the contractor must:
- A contractor on a public works project willfully fails to produce certified payroll records after proper written request. The contractor may face:
- On a federal public works project, the prevailing wage requirement comes primarily from the:
- DIR public works contractor registration generally must be:
- A subcontractor on a public works project is not paid. To make a claim on the prime contractor's payment bond, the subcontractor generally must:
- When calculating whether it has met the prevailing wage obligation, a contractor may generally credit:
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Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)