Civil Code section 8730

If the contract price for a work of improvement is not a fixed price, the amount of security provided under this chapter shall be the guaranteed maximum price or, if there is no guaranteed maximum price, the owner’s and direct contractor’s good faith estimate of the reasonable value of the work to be provided pursuant to the contract.

Source: Section 8730, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV§ionNum=8730. (accessed Apr. 24, 2025).

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Last Updated

Apr. 24, 2025

§ 8730’s source at ca.gov

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Location: https://california.public.law/codes/civil_code_section_8730

Original Source: Section 8730, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV§ionNum=8730. (last accessed Apr. 24, 2025).