California Public Contract Code

§ 10781

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

PCC § 10781Div. 2 · Part 2 · Ch. 2.5 · Art. 5

Statute text

View on leginfo.ca.gov

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.

Legislative history

Added by Stats. 1984, Ch. 1128, Sec. 4.