Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
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:
(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.
Cite this article: FindLaw.com - California Code, Public Contract Code - PCC § 20305 - last updated January 01, 2019 | https://codes.findlaw.com/ca/public-contract-code/pcc-sect-20305.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?