California Statutes
§ 8730. — 8730. (Added by Stats. 2010, Ch. 697, Sec. 20.)
California·Code CIV Civil Code - CIV·Div. 4. DIVISION 4. GENERAL PROVISIONS·Title 2.·Part 6. TITLE 2. PRIVATE WORKS OF IMPROVEMENT·Ch. 7. CHAPTER 7. Security for Large Project·Art. 3. ARTICLE 3. Form of Security
If the contract price for a work of improvement is not a fixed price, the amount of security provided under this chapter shall be the guaranteed maximum price or, if there is no guaranteed maximum price, the owner’s and direct contractor’s good faith estimate of the reasonable value of the work to be provided pursuant to the contract.
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California § 8730. (8730. (Added by Stats. 2010, Ch. 697, Sec. 20.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2010, Ch. 697, Sec. 20. (SB 189) Effective January 1, 2011. Operative July 1, 2012, by Sec. 105 of Ch. 697 and by Section 8052.