When deemed necessary by the purchasing agent, bid deposits shall be prescribed in
the public notices inviting bids. Unsuccessful bidders shall be entitled to return
of the surety where the purchasing agent has required such. A successful bidder shall
forfeit any surety required by the purchasing agent upon failure on his part to enter
into a contract and provide all required documents within ten (10) days after the
award or as otherwise provided by the purchasing agent.
(Ord. No. 3910-89; Ord. No. 5999-04; Ord. No. 7036-14, § 1)
