R18-15-826. Provisions for Construction Contracts

A. Any Contract for Construction of a Water-Related Facility procured through the provisions of this Article, shall contain the following: 1. Requirement for performance and payment bonds or other security in a manner similar to those required under A.R.S. § 41-2574. The Authority may require performance and payment bonds or other security in amounts greater than those required under A.R.S. § 41-2574. 2. Requirement for retention of payments by the Authority as insurance for the proper performance of the Contract in a manner similar to that required by A.R.S. § 41-2576. The Authority may require retention in amounts greater than those required by A.R.S. § 41-2576. 3. Requirement for progress payments made by the Authority to the Contractor in a manner similar to that required under A.R.S. § 41-2577. The Authority may specify a progress payment schedule that differs from that required by A.R.S. § 41-2577. 4. Provisions similar to those required under A.R.S. § 41- 2580. The Authority may specify additional requirements. B. Pursuant to A.R.S. § 41-2501(C), the Authority adopts A.R.S. § 41-2583 for any Contract for Construction of a Water- Related Facility procured through the provisions of this Article. C. The Authority may require that any Construction of a Water- Related Facility be subject to oversight by State of Arizona personnel.