Civil Code - CIV
DIVISION 4. GENERAL PROVISIONS [3274 - 9566]
( Heading of Division 4 amended by Stats. 1988, Ch. 160, Sec. 16. ) PART 6. WORKS OF IMPROVEMENT [8000 - 9566]
( Part 6 added by Stats. 2010, Ch. 697, Sec. 20. ) TITLE 2. PRIVATE WORKS OF IMPROVEMENT [8160 - 8848]
( Title 2 added by Stats. 2010, Ch. 697, Sec. 20. ) CHAPTER 7. Security for Large Project [8700 - 8730]
( Chapter 7 added by Stats. 2010, Ch. 697, Sec. 20. ) ARTICLE 3. Form of Security [8720 - 8730]
( Article 3 added by Stats. 2010, Ch. 697, Sec. 20. ) 8730.
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.)