Oklahoma Public Time Frames

Step 1: Notice

Non-Statutory, NACM recommends notice to contractor with request for bond copy within 45 days of last furnishing.

Step 2: Bond Claim

Step 3: Suit Against Bond

Public or private building (P3) or, structure, or improvement to on public real property - Contracts less than $50,000 are excluded from bond/letter of credit requirements.
Amount of bond: 100% of contract price.
P3 SB430 effective 11/1/17 - OK Public and Private Facilities and Infrastructure Act establishes the Office of Public-Private Partnership. The act includes requirements for letters of credit, surety bonds or other security. The established Office will be responsible to determine the form and the amount of security.