Statute · California Civil Code
Cal. Civ. Code § 8730 — Form of Security
Cal. Civ. Code § 8730
- Type
- Statute
- Source
- California Civil Code
- Jurisdiction
- California
- Date
- 2011-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If the contract price for a work of improvement is not a fixed price, the amount of security provided under this chapter shall be the guaranteed maximum price or, if there is no guaranteed maximum price, the owner’s and direct contractor’s good faith estimate of the reasonable value of the work…
Citator
Cal. Civ. Code § 8730 — Form of Security is in force in the current edition of the Code, and nothing recorded condemns it.
If the contract price for a work of improvement is not a fixed price, the amount of security provided under this chapter shall be the guaranteed maximum price or, if there is no guaranteed maximum price, the owner’s and direct contractor’s good faith estimate of the reasonable value of the work to be provided pursuant to the contract.