California Public Contract Code Section 10167
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California Laws > Public Contract Code > California Public Contract Code Section 10167
10167. (a) All bids shall be presented under sealed cover and
accompanied by one of the following forms of bidder's security:
(1) An electronic bidder's bond by an admitted surety insurer
submitted using an electronic registry service approved by the
department advertising the contract.
(2) A signed bidder's bond by an admitted surety insurer received
by the department advertising the contract.
(3) Cash, a cashier's check, or certified check received by, and
made payable to, the director of the department advertising the
contract.
(b) The required bidder's security shall be in an amount equal to
at least 10 percent of the amount bid. A bid shall not be considered
unless one of the forms of bidder's security is enclosed with it.
(c) All bids submitted pursuant to this section shall also comply
with the provisions of Section 1601 of the Public Contract Code.
Section: 10167
Last modified: February 22, 2013
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