§ 32-11-548 — Bid requirements

(1) All bids shall:

(a) Be in writing and be sealed; and

(b) Except any bid of the state or any board or department thereof, if one is
received, be accompanied by a deposit of an amount of at least two percent of the
principal amount of the securities, either in cash, or by cashier's check or
treasurer's check of, or by certified check drawn on, a solvent commercial bank in
the United States, which deposit shall be returned if the bid is not accepted.

Legislative History

Source: L. 69: p. 776, � 90. C.R.S. 1963: � 89-21-90.