Indiana Statutes
§ 8-23-9.5-26 — Payment and performance bonds
Indiana § 8-23-9.5-26
This text of Indiana § 8-23-9.5-26 (Payment and performance bonds) 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 § 8-23-9.5-26 (2026).
Text
(a)A contract with the department entered
into under this chapter must require the selected CMGC or PDB to
provide payment and performance bonds in an amount not less than the
estimated cost of:
(1)the project; or
(2)the GMP, as described in the request for proposals.
(b)Construction services may not be performed until the CMGC or
the PDB has provided the bonds as required under subsection (a).
(c)A performance or payment bond is not required for, and does not
provide coverage for, a part of a contract that includes only design
services.
(d)This section does not impair the ability of the department to seek
recovery under a contract from the selected CMGC or PDB for errors,
omissions, or defects in design services.
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Legislative History
As added by P.L.60-2023, SEC.2.
Nearby Sections
15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 8-23-9.5-26, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-23-9.5-26.