468.34 - ADVERTISEMENT FOR BIDS. - Iowa Statutes

468.34 ADVERTISEMENT FOR BIDS. The board shall publish notice once each week for two consecutive weeks in a newspaper published in the county where the improvement is located, and publish additional advertisement and publication elsewhere as the board may direct. The notice shall state the time and place of letting the work of construction of the improvement, specifying the approximate amount of work to be done in each numbered section of the district, the time fixed for the commencement, and the time of the completion of the work, that bids will be received on the entire work and in sections or divisions of it, and that a bidder will be required to deposit with the bid cash, a certified check on and certified by a bank in Iowa, or a certified share draft from a credit union in Iowa payable to the auditor or the auditor's order, at the auditor's office, in an amount equal to ten percent of the bid, in no case to exceed ten thousand dollars. All notices shall fix the date to which bids will be received and upon which the work will be let. However, when the estimated cost of the improvement is less than fifteen thousand dollars, the board may let the contract for the construction without taking bids and without publishing notice.          Section History: Early Form [C73, § 1212; C97, § 1944; S13, § 1944; SS15, § 1989-a8; C24, 27, 31, 35, 39, § 7459; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 455.40]          Section History: Recent Form 84 Acts, ch 1055, § 10; 84 Acts, ch 1189, § 1; 89 Acts, ch 126, § 2 CS89, § 468.34 94 Acts, ch 1051, §2; 2006 Acts, ch 1056, §1 See § 468.66