§ 14-300-304 - Certified check to accompany bid. - Arkansas Statutes

14-300-304. Certified check to accompany bid.

No bid shall be entertained by the board of commissioners unless the bid is accompanied by a certified bank check in the sum of five thousand dollars ($5,000), with the understanding that the amount shall be forfeited to the county should the contract be awarded to the bidder and he should fail, within ten (10) days thereafter, to execute the contract and give the bond referred to in 14-300-305.