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Step 1: Notice
Suppliers: Notice to the prime contractor within
30 days
of first furnishing.
Notice is not required when contracting directly with the prime contractor (principal).
Step 2: Bond Claim
Notice of a claim must be filed with the owner within
90 days
of completion and acceptance of the project.
Step 3: Suit Against Bond
No statutory provisions; Review bond for the terms.
Bond Bits
Contracts less then $50,000 ($7,500 for schools) are excluded from bond requirements.
Amount of Bond: 100% of contract price on state job, not less then 25% on city jobs.