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331 sections in this chapter.
R7-2-1103 Contract Performance and Payment Bonds
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A. The following bonds or security is required and is binding on the parties to the contract if the value of a construction or construction services award exceeds the amount established by R7-2-1002(A): 1. A performance bond that is executed and furnished as required under Arizon…
R7-2-1104 Contract Payment Retention and Substitute Security
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A. Ten percent of all construction contract payments shall be retained by the school district as insurance of proper performance of the contract or, at the option of the contractor, a substitute security may be provided by the contractor pursuant to this Section. The contractor i…
R7-2-1105 Progress Payments
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A. Progress payments may be made by the school district to the contractor on the basis of a duly certified and approved estimate of the work performed during the preceding month if the contractor agrees to adhere to the provisions of A.R.S. § 41-2577(B), (D), and (F). Payment sha…