Indiana Statutes
§ 5-32-4-2 — CMc to provide payment and performance bonds; construction may not proceed without bonds
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 32 EMPLOYMENT OF CONSTRUCTION·Ch. 4 CMc Contract
(a)Subject to this article, the CMc contract must
require the CMc to provide payment and performance bonds in an
amount not less than the estimated construction costs of the project or
the GMP, as provided by the RFP.
(b)Construction may not be performed until the CMc has provided
the bonds for that construction as required in the RFP and IC 5-32-6.
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 5-32-4-2 (CMc to provide payment and performance bonds; construction may not proceed without bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.128-2014, SEC.1.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" defined