Notwithstanding any provision of Chapter 91 of Title 36 to the contrary, where the contract price is $5,000.00 or more, no construction contract of a municipality, other than a contract solely for engineering or other professional services, shall be valid unless the contractor first gives:
(1) A performance and payment bond which meets the requirements of Parts 1, 3, and 4 of Article 3 of Chapter 91 of Title 36; and
(2) Such other bonds or insurance policies required by the municipality in its proposal forms, including but not limited to public liability and property damage insurance bonds or policies and bonds to maintain in good condition such completed construction for a period of not less than five years.
Section: Previous 32-4-110 32-4-111 32-4-112 32-4-113 32-4-114 32-4-115 32-4-116 32-4-117 32-4-118 32-4-119 32-4-120 32-4-121 32-4-122 32-4-123 NextLast modified: October 14, 2016