Cal. Pub. Contract Code § 10781
Current through the 2023 Legislative Session.
If the successful bidder fails to execute the contract, the bidder's security shall be forfeited to the state. The cash or proceeds shall be deposited in the fund out of which the expenses of preparation and printing of the plans and specifications, estimates of cost, and publication of notice are paid.
Ca. Pub. Cont. Code § 10781