4.80.080 Maintenance bond.
The successful bidder, prior to final acceptance of the work, may be required to submit a maintenance bond in an amount determined by the appropriate department head, but in no case less than 25 percent of the total contract price. The bond is to be issued by a person or corporation authorized to do business as a surety in the state of Washington, and shall be acceptable to the mayor and city attorney in substance and form.
Maintenance bonds:
A. May be required where state or other applicable regulations make a one-year maintenance bond mandatory or optional; and
B. In the case of projects involving landscaping, two-year maintenance bonds may be required.
C. Where a maintenance bond is used, the requirement will be stated in the contract documents. [Ord. 9064 § 3, 1982; Ord. 8884 § 7(E), 1980].