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Current as of January 01, 2023 | Updated by FindLaw Staff
Each person submitting a bid or proposal shall file with the bid or proposal a certified check in an amount prescribed in the specifications of the commission for the building, to be retained as liquidated damages in case of failure to enter into a contract if the bidder is awarded the contract.
All contracts shall be in writing and made in the name of the county and the city and shall be executed in their behalf by the officers empowered by law or charter to execute the contracts. All persons awarded building contracts shall furnish bonds as required by state law relating to contracts for public improvements. The bonds shall run to the county and the city.
Cite this article: FindLaw.com - Minnesota Statutes Counties, County Officers, Regional Authorities (Ch. 370-403) § 374.35. Certified check; contracts - last updated January 01, 2023 | https://codes.findlaw.com/mn/counties-county-officers-regional-authorities-ch-370-403/mn-st-sect-374-35/
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.
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