§ 14-300-204 - Bond of contractor. - Arkansas Statutes

14-300-204. Bond of contractor.

(a) The person obtaining the contract shall proceed at once to give bond in the amount of his bid, with good and sufficient security to be approved by the court, which bond shall set forth the time in which the bridge shall be completed.

(b) When the bridge has been finished or when the time in which it was to be completed has expired, the court shall instruct the commissioners who reported the plans of the bridge to make personal examination and report.

(1) If it shall appear that the bridge has been built in accordance with the plans and in the time agreed upon, the court shall proceed to make an appropriation to pay for the bridge.

(2) However, if it shall appear that the bridge has not been built according to the plans and in the time specified, the bond of the contractor shall be declared forfeited, and the court shall proceed to collect the bond.

(3) If it shall appear that the contractor has been delayed in the performance of his contract by providential hindrances, the court may allow him a reasonable length of time in which to complete the bridge.