SECTIONS 20929 - California Statutes

PUBLIC CONTRACT CODE

SECTION 20929

20929. All bids for construction work requested by an agency or
district covered by this chapter shall be presented under sealed
cover and shall be accompanied by one of the following forms of
bidder's security:
(a) Cash.
(b) A cashier's check made payable to the agency or district.
(c) A certified check made payable to the agency or district.
(d) A bidder's bond executed by an admitted surety insurer, made
payable to the agency or district.
Upon an award to the lowest bidder, the security of an
unsuccessful bidder shall be returned in a reasonable period of time,
but in no event shall that security be held by the agency or
district beyond 60 days from the time the award is made.