California § 8722 - A bond under this chapter shall satisfy all of the following requirements: (a) Th
Full text of California Public Contract Code - PCC § 8722 — A bond under this chapter shall satisfy all of the following requirements: (a) Th, with citation guidance and answers to common questions.
§ 8722. A bond under this chapter shall satisfy all of the following requirements: (a) Th
A bond under this chapter shall satisfy all of the following requirements: (a) The bond shall be executed by an admitted surety insurer that is either listed in the Department of the Treasuryâs Listing of Approved Sureties (Department Circular 570) or that has an A.M. Best rating of A or better and has an underwriting limitation, under Section 12090 of the Insurance Code, greater than the amount of the bond. (b) The bond shall be in an amount not less than 15 percent of the contract price for the work of improvement or, if the work of improvement is to be substantially completed within six months after the commencement of work, not less than 25 percent of the contract price. (c) The bond shall be conditioned for payment on default by the owner of any undisputed amount pursuant to the contract that is due and payable for more than 30 days.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 8722
What does Public Contract Code - PCC § 8722 cover?
Section 8722 ("A bond under this chapter shall satisfy all of the following requirements: (a) Th") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 8722?
A common citation format is "Public Contract Code - PCC § 8722" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 8722 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.