On a public works project, a 'bid bond' submitted with a contractor's bid primarily guarantees that:

a.The finished work will be free of defects for one year
b.The subcontractors listed in the bid are registered with the DIR
c.The workers on the job will be paid the prevailing wage
d.The bidder will sign the contract and post the required bonds

Giải thích

A bid bond guarantees only that the successful bidder will execute the contract and post the payment and performance bonds the call for bids requires; if it walks away, the surety covers the agency's cost of going to the next bidder. Freedom from defects is what a maintenance or warranty bond promises. Prevailing wage payment is backed by the payment bond and by §1726 withholding, not by the bid bond. DIR registration of listed subs is verified from the bid itself, and no bond guarantees it.

Trích dẫn luật: Public Contract Code §20170; Civil Code §9550

Luyện miễn phí toàn bộ 1632 câu hỏi — không cần đăng ký.

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Đội ngũ PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)
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