17250.64. (a) The design-build entity shall provide payment and performance bonds for the project in the form and in the amount required by the school district, and issued by a California admitted surety. The amount of the payment bond shall not be less than the amount of the performance bond.
(b) The alternative design-build contract shall require errors and omissions insurance coverage for the design elements of the project.
(c) The school district shall develop a standard form of payment and performance bond for its alternative design-build projects.
(Added by Stats. 2022, Ch. 571, Sec. 14. (AB 185) Effective September 27, 2022. Repealed as of January 1, 2029, pursuant to Section 17250.69.)