DIVISION 4. GENERAL PROVISIONS 3274-9566›PART 6. WORKS OF IMPROVEMENT 8000-9566›TITLE 2. PRIVATE WORKS OF IMPROVEMENT 8160-8848›CHAPTER 7. Security for Large Project 8700-8730›ARTICLE 3. Form of Security 8720-8730

§ 8730

California Civil Code · 2020-11 edition · updated 2026-10-04 · California

If the contract price for a work of improvement is not a fixed price, the amount of security provided under this chapter shall be the guaranteed maximum price or, if there is no guaranteed maximum price, the owner’s and direct contractor’s good faith estimate of the reasonable value of the work to be provided pursuant to the contract.

(Added by Stats. 2010, Ch. 697, Sec. 20. (SB 189) Effective January 1, 2011. Operative July 1, 2012, by Sec. 105 of Ch. 697 and by Section 8052.)

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California Civil Code

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