Section 20752.2 Of Article 48. Port Districts From California Public Contract Code >> Division 2. >> Part 3. >> Chapter 1. >> Article 48.
20752.2
. Notwithstanding Section 20751, 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 district.
(c) A certified check made payable to the district.
(d) A bidder's bond executed by an admitted surety insurer, made
payable to the 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 district beyond
60 days from the time the award is made.