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All bids submitted to the board for operations conducted under this chapter shall be accompanied by a separate envelope containing a bidder's bond or cash or negotiable securities in a sum equal to five percent of the full amount of the bid, executed by the bidder as principal or by a surety company authorized to do business in this state as a guarantee that the bidder will enter into the contract if it is awarded to the bidder.
Cite this article: FindLaw.com - North Dakota Century Code Title 61. Waters § 61-04.1-35. Bid bond, cash, or negotiable securities required - last updated January 01, 2020 | https://codes.findlaw.com/nd/title-61-waters/nd-cent-code-sect-61-04-1-35.html
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