Public Contract Code section 21568.9

If the district elects to award a project pursuant to this article, retention proceeds withheld by the district from the design-build entity or Construction Manager/General Contractor shall not exceed 5 percent if a performance and payment bond, issued by an admitted surety insurer, is required in the solicitation of bids.

Source: Section 21568.9, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PCC§ionNum=21568.9. (updated Jan. 1, 2023; accessed Jun. 16, 2025).

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Jun. 16, 2025

§ 21568.9’s source at ca.gov

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Location: https://california.public.law/codes/public_contract_code_section_21568.9

Original Source: Section 21568.9, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PCC§ionNum=21568.9. (last accessed May 12, 2025).