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California Public Contract Code

§ 10781

PCC § 10781Div. 2 · Part 2 · Ch. 2.5 · Art. 5

Statute text

View on leginfo.ca.gov
If the successful bidder fails to execute the contract, the bidder’s security shall be forfeited to the state. The cash or proceeds shall be deposited in the fund out of which the expenses of preparation and printing of the plans and specifications, estimates of cost, and publication of notice are paid.

Legislative history

Added by Stats. 1984, Ch. 1128, Sec. 4.

Source: California Public Contract Code § 10781 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.