The failure of the successful bidder to furnish any bond required of him by law, within the time fixed for his execution of the contract, constitutes a failure to execute the contract.
Cal. Pub. Cont. Code § 10183
Award of Contracts
Known as the State Contract Act
The act spans §§ 10100–10285 (181 sections).
Enacted by Stats. 1981, Ch. 306.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.