Title 32, Chapter 4, Section 119
( 32-4-119)
Notwithstanding any provision of Chapter 91 of Title 36 to the
contrary, where the contract price is $5,000.00 or more, no
construction contract of a municipality shall be valid unless the
contractor first gives: (1) A performance and payment bond which meets the requirements of
Parts 1, 3, and 4 of Article 3 of Chapter 91 of Title 36; and (2) Such other bonds or insurance policies required by the
municipality in its proposal forms, including but not limited to
public liability and property damage insurance bonds or policies
and bonds to maintain in good condition such completed
construction for a period of not less than five years. | 
