CONTRACTOR'S BONDS.
Tex. LOC. GOV'T Code § 271.059.
in effectIf a contract is for the construction of public works and is required by this subchapter to be submitted to competitive bidding, the successful bidder must execute a good and sufficient payment bond and performance bond. The bonds must each be:
(1) in the full amount of the contract price; and
(2) executed, in accordance with Chapter 2253 , Government Code, with a surety company authorized to do business in this state.
