Texas § 9029.106 BID ON PROPOSED CONSTRUCTION WORK.

Texas Statutes

§ 9029.106 — BID ON PROPOSED CONSTRUCTION WORK.

Texas § 9029.106

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 9029.106 (2026).

Text

Sec. 9029.106. BID ON PROPOSED CONSTRUCTION WORK.

(a)A person who submits a written sealed bid on proposed construction work for the authority must submit with the bid an amount equal to at least five percent of the total amount of the bid in the form of a:

(1)certified or cashier's check on a responsible bank in this state; or

(2)bidder's bond.

(b)If a successful bidder fails or refuses to enter into a proper contract with the authority or provide a bond required by law, the bidder forfeits the amount of the check or bond that accompanied the bidder's bid. SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS

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Sec. 9029.106. BID ON PROPOSED CONSTRUCTION WORK. (a) A person who submits a written sealed bid on proposed construction work for the authority must submit with the bid an amount equal to at least five percent of the total amount of the bid in the form of a:
(1) certified or cashier's check on a responsible bank in this state; or
(2) bidder's bond.
(b) If a successful bidder fails or refuses to enter into a proper contract with the authority or provide a bond required by law, the bidder forfeits the amount of the check or bond that accompanied the bidder's bid.
SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS