The performance bond on a public works project protects the:
a.The subcontractors and suppliers who are not paid
b.The contractor, against its own defective workmanship
c.The contractor's profit if the public agency delays
d.The public agency, by guaranteeing completion
解析
The performance bond names the public agency as obligee and guarantees that the work will be completed according to the contract; if the contractor defaults, the surety arranges completion or pays damages up to the penal sum. Unpaid subs and suppliers look instead to the payment bond required by Civil Code §9550 and to a stop payment notice. A surety bond is not insurance for the principal: it never indemnifies the contractor against its own defective work, and the surety may seek reimbursement from the contractor after paying. Delay damages against the agency are a contract claim, not a bond promise.
法律依据: Public Contract Code §20170; Civil Code §9550免费刷完整 1632 道题库 — 无需注册。
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同考点相关题目
- 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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审核人 Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — 核实)