(A) If the contract is for the construction of public works, the bidder to whom the contract is awarded must execute a good and sufficient bond.
(B) The bond must be:
(1) In the full amount of the contract price;
(2) Conditioned that the contractor will faithfully perform the contract; and
(3) Executed, in accordance with Tex. Gov't Code §§ 2253.001 et seq., relating to contractors' surety bonds.
Statutory reference:
Competitive bidding, see Tex. Local Gov't Code Ch. 252 and 271