Sec. 2. (a) Subject to this article, the CMc contract must require the CMc to provide payment and performance bonds in an amount not less than the estimated construction costs of the project or the GMP, as provided by the RFP.
(b) Construction may not be performed until the CMc has provided the bonds for that construction as required in the RFP and IC 5-32-6.
As added by P.L.128-2014, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Article 32. Employment of Construction Managers as Constructors for Projects
5-32-4-1. Negotiation of Cmc Contract Terms and Conditions
5-32-4-2. Cmc to Provide Payment and Performance Bonds; Construction May Not Proceed Without Bonds
5-32-4-3. Contract Provisions; Adjustment of Compensation, Other Incentives
5-32-4-4. Cost Overrun or Delay Damages; Early Completion Incentives
5-32-4-5. Changes to Cmc Contract
5-32-4-6. Termination of Cmc Contract
5-32-4-7. Public Agency Options if Cmc Contract Terminated or Not Executed