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ND HB1128
Bill
Status
Passed
3/23/2015
Primary Sponsor
Industry, Business and Labor Committee
Click for details
AI Summary
- Amends North Dakota Century Code section 48-01.2-23 to modify bonding requirements for construction managers at-risk on public improvement projects
- Construction manager at-risk must provide bond equal to the guaranteed maximum price before starting construction, conditioned on full performance of contract terms and payment of all labor, materials, and subcontractor bills
- Bond requirement includes payment of interest authorized under section 13-01.1-02 on bills and claims unpaid after ninety days
- Bond runs to the governing body but allows any person with a lawful claim against the contractor to sue on the bond, with preference given to labor and material suppliers for payment
- Mechanical and electrical contractors on construction management at-risk projects must each provide separate bonds for their portion of the public improvement
Legislative Description
Bonds for construction managers at-risk.
Last Action
Signed by Governor 03/20
3/23/2015
Committee Referrals
Industry, Business, and Labor1/6/2015
Full Bill Text
No bill text available