I've done projects with federal, state, and local money and have had to convince the agency involved NOT to require any kind of performance bond. If bonds are important, then they can contract directly with the artists' subcontractors and ask them for bonds. You can, alternatively, include other wording in the artists' agreements that in effect acts like a bond without the cash...and of course, commercial general liability insurance with a big honking umbrella will also provide the same kind of coverage that a bond would.

We require artists to budget their project with a contingency but we hold it--it's not distributed with progress payments unless they demonstrate that there has been a significant price increase and then it is released. We also typically hold back a contingency that we can add in case of emergencies.

Julia Muney Moore

Director of Public Art

Arts Council of Indianapolis

jmoore@indyarts.org

924 N. Pennsylvania St.

Indianapolis, IN 46204

(317) 631-3301 x 240

(317) 332-8382 mobile

www.IndyArts.org

On Thu, Sep 6, 2018 at 12:56 PM, Ashley Sedghi-Khoi <ashley@culturalcouncil.org> wrote:

Hi Pan-Fam!

I am looking for some feedback on a current public art project for the Jacksonville, FL Art in Public Places Program. I have a $300k large scale public art project for the exterior of a parking garage. There will likely be both 2-D and 3-D. I need your expertise and help on the following. Thank you in advance for responding!!
Artist contracts: does your City or agency require artists to obtain Performance Bonds AND Payment/Labor Bonds? If so, please specify the estimated costs if known and whether you’re with a City or agency. Our research shows 3% is average.
How many of you require a contingency in the public art budget? Is it a %? Is the artist required to put it in their budget? Does the city or agency hold the contingency and if so, does it return to the source if unspent?

Lots of info but any feedback is helpful!

Thank you,
Ashley
--
Ashley Sedghi-Khoi
PROGRAM COORDINATOR
THE CULTURAL COUNCIL OF GREATER JACKSONVILLE
300 W. Water Street, St. 201
Jacksonville, Fl 32202
phone: 904.358.3600 ext. 20
fax: 904.289.8319
email: ashley@culturalcouncil.org

web: CulturalCouncil.org
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