§ 16.12.060. Faithful performance and contractors' bonds.

Latest version.

To assure that the work specified in this agreement referred to in Chapter 16.20 will be satisfactorily completed and paid for, two corporate surety bonds must be furnished in a penal sum equal to the cost of the work as estimated or approved by the department of public works, one bond guaranteeing the faithful performance of the work, the second bond as security for materialmen and laborers.

(Prior code §17A-166)

                    
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