2011 California Code
Public Contract Code
DIVISION 2. GENERAL PROVISIONS [1100 - 22355]
CHAPTER 3. Acquisition of Information Technology Goods and Services
Section 12112
(a) Any contract for information technology goods or services, to be manufactured or performed by the contractor especially for the state and not suitable for sale to others in the ordinary course of the contractor s business may provide, on the terms and conditions that the department deems necessary to protect the state s interests, for progress payments for work performed and costs incurred at the contractor s shop or plant, provided that not less than 10 percent of the contract price is required to be withheld until final delivery and acceptance of the goods or services, and provided further, that the contractor is required to submit a faithful performance bond, acceptable to the department, in a sum not less than one-half of the total amount payable under the contract securing the faithful performance of the contract by the contractor.
(b) This section shall become operative on July 1, 2013.
(Repealed (in Sec. 1) and added by Stats. 2007, Ch. 736, Sec. 2. Effective January 1, 2008. Section operative July 1, 2013, by its own provisions.)
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