(a) A Bid guarantee shall be required for Bid Sales. The bid guarantee shall be by a certified check, cashier's check, or bank money order payable to the Office of State Lands and Investments. The bid guarantee shall be a minimum of five hundred dollars ($500.00). When the forest products contract is executed and required payments, bonds, and deposits are submitted, the bid guarantee will be applied to the payment.
(b) If the successful bidder does not sign the offered forest products contract and furnish the required payments within ninety (90) days of Board approval, the offered contract will be withdrawn. The successful bidder's bid guarantee is non-refundable. An extension of time to sign the contract and make the required payments may be granted if a written request outlining circumstances is submitted and approved during the ninety (90) day period.
060-8 Wyo. Code R. § 8-9