Chapter 2.44
CONTRACTOR PERFORMANCE BONDS
Sections:
2.44.010 Authorization.
The city shall require performance bonds on all public works projects performed by private contracts as required by Chapter 39.08 RCW, as it now reads or is later amended. The director of public works may waive performance bonds on limited public works projects in accordance with RCW 39.04.155. The contractor may request the city retain 10 percent of the contract amount in lieu of performance and payment bonds when authorized by RCW 39.08.010. The city may require performance bonds to help guarantee completion of any other types of contracts, including but not limited to consulting contracts and contracts for delivery of supplies. The city may also use bonds to guarantee completion of regulated activity or of projects that are subject to permits, in which case the bond requirement shall be made a condition of project approval. (Ord. 3288 § 1, 2022; Ord. 2484 § 1, 1995).