§ 20-53. Contractors' bonds.  


Latest version.
  • Any person entering into a contract with the city for the construction of any public building or the prosecution or completion of any public work, or for repairs upon any public building or public work, shall be required before commencing work, to execute, in addition to all bonds that may now or hereafter be required of them, a penal bond, with good and sufficient surety, to be approved by the manager of public works, or in the case of airport facilities as described in Denver Charter section 2.11.3(A) to be approved by the manager of aviation, conditioned that such contractor shall promptly make payments of all amounts lawfully due to all persons supplying or furnishing the contractor, or any subcontractor with labor and materials, or with labor and materials used or performed in the prosecution of the work provided for in such contract, and will indemnify the city to the extent of any and all payments in connection with the carrying out of any such contracts which the city may be required to make under the law.

(Code 1950, § 161.1; Ord. No. 490-94 § 4, 6-27-94; Ord. No. 1026-02, § 4, 12-16-02)