HI HB2019

Adds a post-performance bond requirement to Hawaii's procurement code for construction contracts exceeding $25,000 or approved by the chief procurement officer.

Post-performance bond covers costs to the State for curing construction defects discovered within 10 years after contract completion, excluding repairs due to normal wear and tear.

Bond amount equals 100% of the contract price, and contractors must provide proof of full payment for the 10-year bond period before contract completion.

Allows the State to sue contractors and sureties on the post-performance bond in circuit court within 10 years of contract completion to recover defect-related costs.

Contractors must provide either a performance bond, payment bond, post-performance bond, or a combined performance, payment, and post-performance bond.