What are the City Maintenance Bond requirements for construction of public improvements?
A one (1) year maintenance bond in the amount of ten percent (10%) of the contract price for water mains and sanitary sewer mains are required prior to the start of construction. A five (5) year maintenance bond in the amount of ten (10%) of the contract price for paving and storm sewer projects is required prior to construction.
Related Questions
- Why has Portland Public Schools agreed with the City of Portland that $5 million in construction bond money go to transportation improvements?
- What are the City Maintenance Bond requirements for construction of public improvements?
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