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Step 1: Bond Claim
Notice to the prime contractor within
90 days
of last furnishing labor or materials.
Step 2: Suit Against Bond
Others: Within
1 year
after last furnishing.
Subcontractors contracting directly with Prime Contractor: Within
1 year
from the date that final payment was due.
Bond Bits
Contracts less than $50,000 are excluded from bond requirements.
Amount of Bond: 85% of contract price.