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Bill Title: Performance bond for a demolition contractor. Provides that if a contractor enters into a public work contract with a political subdivision under which the contractor is to demolish a building and remove the demolition debris, the contractor is required to furnish a performance bond equal to the contract price plus, if applicable, a reasonable estimate of the value of any salvage materials to which the contractor will be entitled, regardless of the amount to be paid to the contractor under the contract.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-01-13 - First Reading: referred to Committee on Local Government [HB1293 Detail]

Download: Indiana-2015-HB1293-Introduced.pdf

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