No Requirement. NACM suggests serving notice 45 days from last furnishing to prompt payment.
Step 2: File Statement
Serve notice to the general contractor and the surety within 90 days of last furnishing. A claimant must wait at least 45 days from last furnishing before submitting a claim.
 
Step 3: Suit Against Bond
Action must be brought against the surety/contractor within one yearfrom recordation of acceptance of work or notice of contractor’s default.
Bond Bits
Contracts less then $150,000 are excluded from bond requirements.
Amount of Bond: Not less than 50% of contract amount.
Pay-if-paid clauses in contracts may be used as a defense of payment by the surety.