Sec. 223.006. CONTRACTOR'S BOND. A successful bidder under this subchapter shall post a bond in an amount provided by law conditioned on the faithful compliance with the bidder's bid and performance of the contract and made payable to the department for the use and benefit of the state highway fund.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle B - State Highway System
Chapter 223 - Bids and Contracts for Highway Projects
Subchapter A. Competitive Bids
Section 223.001. Contract Requiring Competitive Bids
Section 223.002. Notice of Bids
Section 223.003. Notice of Proposed Contracts
Section 223.004. Filing, Opening, and Rejection of Bids
Section 223.0041. Award of Contracts
Section 223.0042. Contract Information on Internet Website
Section 223.005. Bids on Contracts Involving Less Than $300,000
Section 223.006. Contractor's Bond
Section 223.008. No Liability in Excess of Available Funds
Section 223.009. Partial Payment
Section 223.010. Deposit and Investment of Retained Amount
Section 223.012. Contractor Performance
Section 223.013. Electronic Bidding System