Indiana § 5-32-6-1 CMc payment bond

Indiana Statutes

§ 5-32-6-1 — CMc payment bond

Indiana § 5-32-6-1

Title 5STATE AND LOCAL ADMINISTRATION

Art. 32EMPLOYMENT OF CONSTRUCTION

Ch. 6Bonds

This text of Indiana § 5-32-6-1 (CMc payment bond) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-32-6-1 (2026).

Text

The CMc shall execute a payment bond to the
public agency, approved by the public agency, in an amount equal to
the GMP, if established, or the proposed construction cost. The
payment bond must be conditioned for payment by the CMc, the CMc's
successors and assigns, and by the first tier subcontractors, their
successors and assigns, of all indebtedness that may accrue to any
person for any labor or service performed, materials furnished, or
service rendered in the project. The bond by its terms must be
conditioned to directly inure to the benefit of subcontractors, laborers,
suppliers of materials, and those performing service who have
furnished or supplied labor, material, or service for the project.

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The CMc shall execute a payment bond to the
public agency, approved by the public agency, in an amount equal to
the GMP, if established, or the proposed construction cost. The
payment bond must be conditioned for payment by the CMc, the CMc's
successors and assigns, and by the first tier subcontractors, their
successors and assigns, of all indebtedness that may accrue to any
person for any labor or service performed, materials furnished, or
service rendered in the project. The bond by its terms must be
conditioned to directly inure to the benefit of subcontractors, laborers,
suppliers of materials, and those performing service who have
furnished or supplied labor, material, or service for the project.