California Statutes
§ 21568.9. — 21568.9. (Added by Stats. 2022, Ch. 275, Sec. 2.)
California·Code PCC Public Contract Code - PCC·Div. 2. DIVISION 2. GENERAL PROVISIONS·Part 3. PART 3. CONTRACTING BY LOCAL AGENCIES·Ch. 1.5. CHAPTER 1.5. Water District Acts·Art. 121.1. ARTICLE 121.1. Metropolitan Water District of Southern California-Alternative Project Delivery Program
If the district elects to award a project pursuant to this article, retention proceeds withheld by the district from the design-build entity or Construction Manager/General Contractor shall not exceed 5 percent if a performance and payment bond, issued by an admitted surety insurer, is required in the solicitation of bids.
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California § 21568.9. (21568.9. (Added by Stats. 2022, Ch. 275, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2022, Ch. 275, Sec. 2. (AB 1845) Effective January 1, 2023.