Payment Bond and Insurance Services
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A Payment Bond is required for contracts exceeding $25,000 under the California Employment Development Department, with the bond amount must equal at least 100 percent of the total contract value. This bond is intended to ensure payment to subcontractors, laborers, and material suppliers as stipulated under California’s STD 807 requirements. The solicitation falls under NAICS code 524126, which pertains to surety bonding services, and is classified as a subcontract opportunity with no set-aside provisions. The bond and associated insurance services must be secured and submitted prior to the response deadline of August 24, 2026, and the contract is administered by the State of California. Interested parties must respond through the state’s eProcurement portal, with all performance obligations tied to California jurisdiction and compliance standards.
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CA, USASet-Aside
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