(a) Proposals for the construction of an improvement shall be solicited as sealed
competitive bids after public advertisement at least once in a newspaper having general
circulation in the municipality not less than ten (10) days prior to the date set
for receipt of bids.
(b) Upon or after the acceptance by the governing body of a bid, or combination of
bids, the governing body may determine the principal amount of bonds to be issued
for the proposed improvement, taking into account the amount of the accepted bid or
bids, and all other costs of the improvement. These bonds shall be issued pursuant to the Local Government Public Obligations
Act of 1986, compiled in title 9, chapter 21.
(c) Each contract shall be supported by a performance bond for the full amount of
the contract, with good surety to be approved by the governing body.
(d) A bid shall not be binding on a contractor unless the governing body awards a
contract within ninety (90) days after the date of opening bids.
(e) If the governing body determines that no bids are acceptable, it may direct that
the improvement be accomplished by the municipality's own forces, in which event the
costs of construction included in the total costs for purposes of determining improvement
assessments shall not exceed the lowest construction bid or bids that conform to all
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