§ 48-01.2-05 — Contents of advertisement

North Dakota § 48-01.2-05

• Jurisdiction: North Dakota
• Title 48: Public Buildings
• Ch. 48-01.2: Public Improvement Bids and Contracts

Text

The advertisement for bids required by section 48-01.2-04 must state:
1. The nature of the work and the type and location of the proposed public improvement.
2. When and where the plans, drawings, and specifications may be seen and examined.
3. The place, date, and time the bids will be opened.
4. That each bid must be accompanied by a separate envelope containing the
contractor's license and bid security. The bid security must be in a sum equal to five
percent of the full amount of the bid and must be in the form of a bidder's bond. A
bidder's bond must be executed by the bidder as principal and by a surety, conditioned
that if the principal's bid is accepted and the contract awarded to the principal, the
principal, within ten days after notice of the award, shall execute a contract in
accordance with the terms of the bid and the bid bond and any condition of the
governing body. A countersignature of a bid bond is not required under this section. If a
successful bidder does not execute a contract within the ten days allowed, the bidder's
bond must be forfeited to the governing body and the project awarded to the next
lowest responsible bidder.
5. That a bidder must be licensed for the full amount of the bid as required by section
43-07-12.
6. That no bid may be read or considered if the bid does not fully comply with the
requirements of this section and that any deficient bid submitted must be resealed and
returned to the bidder immediately.
7. That the governing body reserves the right to reject any and all bids and rebid the
project until a satisfactory bid is received.