Cal. Pub. Contract Code § 20204.3
Current through the 2024 Legislative Session.
All bids for construction work submitted pursuant to this article shall be presented under sealed cover and shall be accompanied by one of the following forms of security:
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.
Ca. Pub. Cont. Code § 20204.3