573.3 Bond mandatory.
1. The obligation of the public corporation to require, and the contractor to execute and deliver said bond, shall not be limited or avoided by contract.
2. A public corporation, with respect to a public improvement which is or has been competitively bid or negotiated, shall not require a contractor to procure a bond, as required under section 573.2, from a particular insurance or surety company, agent, or broker.
[C24, 27, 31, 35, 39, §10301; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §573.3]
2000 Acts, ch 1023, §58
Structure Iowa Code
Chapter 573 - LABOR AND MATERIAL ON PUBLIC IMPROVEMENTS
Section 573.2 - Public improvements — bond — waiver and remedies.
Section 573.3 - Bond mandatory.
Section 573.4 - Deposit in lieu of bond.
Section 573.5 - Amount of bond.
Section 573.6 - Subcontractors on public improvements.
Section 573.7 - Claims for material or labor.
Section 573.8 - Highway improvements.
Section 573.9 - Officer to endorse time of filing claim.
Section 573.10 - Time of filing claims.
Section 573.11 - Claims filed after action brought.
Section 573.12 - Payments and retention from payments on contracts.
Section 573.13 - Inviolability and disposition of fund.
Section 573.14 - Retention of unpaid funds.
Section 573.15 - Claim against retainage or bond.
Section 573.15A - Early release of retained funds.
Section 573.16 - Optional and mandatory actions — bond to release.
Section 573.18 - Adjudication — payment of claims.
Section 573.19 - Insufficiency of funds.
Section 573.20 - Converting property into money.
Section 573.21 - Attorney fees.
Section 573.22 - Unpaid claimants — judgment on bond.
Section 573.23 - Abandonment of public work — effect.
Section 573.24 - Notice of claims to state department of transportation.
Section 573.25 - Filing of claim — effect.
Section 573.26 - Public corporation — action on bond.