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Section 20305 Of Article 16. Santa Clara Valley Transportation Authority From California Public Contract Code >> Division 2. >> Part 3. >> Chapter 1. >> Article 16.
20305
. All bids for construction work 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 authority.
(c) A certified check made payable to the authority.
(d) A bidder's bond executed by an admitted surety insurer, made payable to the authority. 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 authority beyond 60 days from the time the award is made.
(a) Cash.
(b) A cashier's check made payable to the authority.
(c) A certified check made payable to the authority.
(d) A bidder's bond executed by an admitted surety insurer, made payable to the authority. 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 authority beyond 60 days from the time the award is made.
