Orange County Unincorporated, California · General provision
Sec. 7-9-308
Extracted standards
2 individual requirements pulled out of this section’s prose, each with the sentence it came from.
Other
- Labor and material bond percentage100 pct
A labor and material bond in the amount of one hundred (100) percent of the estimated cost of the improvement.
- Performance bond percentage100 pct
A performance bond in the amount of one hundred (100) percent of the estimated cost of the improvement.
From the ordinance
Security in the form specified by Subdivision Map Act shall be furnished with every improvement agreement. The amount of the security shall be as follows: (a) If bonds are furnished by one (1) of the authorized corporate sureties: (1) A performance bond in the amount of one hundred (100) percent of the estimated cost of the improvement. (2) A labor and material bond in the amount of one hundred (100) percent of the estimated cost of the improvement. (b) If money, instrument of credit or negotiable bonds are furnished, one hundred (100) percent of the estimated cost of the improvement.