Category IV Flashcards
what does california public contract code require bidders to buy?
performance bond- to guarantee faithful performance of the contract
payment bond - secure payment of the claims of laborers, subcontractors, vendors and material suppliers
must bidders be prequalified?
yes
what are the exceptions for not using open specs?
product is a field test
already used in another public project
there is only one source
in order to respond to an emergency
where is lien/stop notices in the code?
california civil code
how long is the demand letter required to send before filing lien?
10 days
how long is the preliminary notice before filing a lien?
preliminary 20 day notice.
architect/gc don’t have to send the notice
where do you file the lien?
county recorder’s office
what is one thing you need as a sub to prove that you did the work and didn’t get paid?
proof of service affidavit
if no notice of completion, how many days to file a lien?
90
if there is a notice, how much is it reduced?
GC = 90 to 60 sub = 90 to 30
who do you serve stop notices to on private projects? public?
private to LENDER
public to OWNER OF PUBLIC WORK
what is a bonded stop notice?
notice to a construction lender with a bond and sufficient sureties for 125% of claim
6 ways to protect owner from liens
- performance and payment bonds
- signed lien releases from subs at payment
- process payments quickly
- collect and hold retainage
- file notice of completion
- contractor’s affidavit of release of liens
what does application for payment mean in terms of liens?
contractor warrants upon submittal of an application for payment that all previous work shall be free and clear of liens
when do you release retainage?
date of substantial completion
