Cal. Public Contract Code § 20305
Cal. Public Contract Code § 20305
California · California Public Contract Code · Status: effective · Effective 1997-01-01
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- Citation
- Cal. Public Contract Code § 20305, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/897050
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Full text
All bids for construction work shall be presented under sealed cover and shall be accompanied by one of the following forms of bidder’s security:
(a) Cash.
(b) A cashier’s check made payable to the authority.
(c) A certified check made payable to the authority.
(d) A bidder’s bond executed by an admitted surety insurer, made payable to the authority.
Upon an award to the lowest bidder, the security of an unsuccessful bidder shall be returned in a reasonable period of time, but in no event shall that security be held by the authority beyond 60 days from the time the award is made.