§ 20342. — 20342. (Amended by Stats. 1990, Ch. 808, Sec. 23.)

California § 20342.

• Jurisdiction: California
• Code PCC: Public Contract Code - PCC
• Div. 2.: DIVISION 2. GENERAL PROVISIONS
• Part 3.: PART 3. CONTRACTING BY LOCAL AGENCIES
• Ch. 1.: CHAPTER 1. Local Agency Public Construction Act
• Art. 20.: ARTICLE 20. Transit Development Boards

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 board.
(c)
A certified check made payable to the board.
(d)
A bidder’s bond executed by an admitted surety insurer, made payable to the board.
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 board beyond 60 days from the time the award is made.

Legislative History

Amended by Stats. 1990, Ch. 808, Sec. 23.