(a) Any construction manager that is selected to construct a project pursuant to this chapter shall possess or obtain sufficient bonding to cover the contract amount for construction services and risk and liability insurance as the department may require.
(b) Any payment or performance bond written for the purposes of this chapter shall be written using a bond form developed by the department.
(Added by Stats. 2012, Ch. 752, Sec. 1. (AB 2498) Effective January 1, 2013.)