HB808

Hawaii HB808 amends the Procurement Code to modify requirements for performance and payment bonds and insurance for construction contracts.

Hawaii HB808 amends the Procurement Code to modify the requirements for performance and payment bonds and insurance for construction contracts. The bill allows the head of a purchasing agency to reduce the amount of performance and payment bonds and insurance required by the policy board. It also allows the chief procurement officer to require additional bonds or insurance in certain circumstances. The bill specifies that the State can institute an action against the contractor for the costs of curing construction defects discovered within ten years of contract completion.