Any liability upon the security given for the faithful performance of any act or agreement shall be limited to:
(a) The performance of the work covered by the agreement between the subdivider and the legislative body or the performance of the required act.
(b) The performance of any changes or alterations in such work; provided, that all such changes or alterations do not exceed 10 percent of the original estimated cost of the improvement.
(c) The guarantee and warranty of the work, for a period of one year following completion and acceptance thereof, against any defective work or labor done or defective materials furnished, in the performance of the agreement with the legislative body or the performance of the act.
(d) Costs and reasonable expenses and fees, including reasonable attorneys’ fees.
(Added by Stats. 1974, Ch. 1536.)