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California Public Contract Code

§ 20541

PCC § 20541Div. 2 · Part 3 · Ch. 1 · Art. 33

Statute text

View on leginfo.ca.gov
If any bidder to whom a contract is awarded fails to enter into the contract and execute the required bonds, the board of directors shall declare the check accompanying the bid of such bidder to be forfeited. Upon cashing the check the proceeds shall be placed to the credit of the construction fund of the district. The board of directors may thereupon award the contract to the next lowest responsible and acceptable bidder, or may call for new bids.

Legislative history

Added by Stats. 1982, Ch. 465, Sec. 11.

Source: California Public Contract Code § 20541 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.