Federal and State Laws
Michigan Compiled Laws Act 213 Of 1963 Contractor's Bond For Public Buildings Or Works (129.201 - 129.212)
AN ACT to provide a procedure for bonding contractors for public buildings and public works of governmental units; and to repeal certain acts and parts of acts.
1963, Act 213, Eff. Sept. 6, 1963
Section 129.201 Bonds Of Principal Contractor On Public Building, Work, Or Improvement; Irrevocable Letter Of Credit.
Before any contract, exceeding $50,000.00 for the construction, alteration, or repair of any public building or public work or improvement of the state or...
Section 129.202 Performance Bond; Amount; Condition; Purpose.
The performance bond shall be in an amount fixed by the governmental unit but not less than 25% of the contract amount, conditioned upon...
Section 129.203 Payment Bond; Amount; Purpose.
The payment bond shall be in an amount fixed by the governmental unit but not less than 25% of the contract amount solely for...
Section 129.204 Bond, Surety, Obligee.
A bond shall be executed by a surety company authorized to do business in this state. In the case of a contract of the...
Section 129.205 Filing Of Bond.
The bonds shall be filed in the office of the governmental unit awarding the contract. History: 1963, Act 213, Eff. Sept. 6, 1963
Section 129.206 Public Works, Contractor's Bond; Definitions.
A “claimant” means a person having furnished labor, material, or both, used or reasonably required for use in the performance of the contract. “Labor...
Section 129.207 Enforcement Of Claims; Notice Of Supplier To Principal Contractor Or Governmental Unit; Payment To Subcontractor.
A claimant who has furnished labor or material in the prosecution of the work provided for in such contract in respect of which payment...
Section 129.208 Copies Of Bonds And Contracts; Fees.
The agent in charge of the office of the governmental unit shall furnish to anyone making application therefor who submits an affidavit that he...
Section 129.209 Venue; Statute Of Limitations.
An action instituted on the payment bond shall be brought only in the appropriate court in the political subdivision in which the contract was...
Section 129.210 Application Of Statute.
This act shall not apply to any contract awarded pursuant to an invitation for bids issued on or before the effective date hereof, or...
Section 129.211 Repeal; Restriction On Other Statute.
Section 64 of Act No. 59 of the Public Acts of 1915, as amended, being section 247.464 of the Compiled Laws of 1948 is...
Section 129.212 Act Inapplicable To Contracts Awarded Under Mcl 280.1 To 280.630.
This act does not apply to a contract awarded under the drain code of 1956, Act No. 40 of the Public Acts of 1956,...
Last modified: October 10, 2016