The bidders’ security of the second and third lowest responsible bidders may be withheld until the contract has been finally executed. The cash, cashier’s checks and certified checks submitted by all other unsuccessful bidders shall be returned to them within 10 days after the contract is awarded, and their bidders’ bonds shall be of no further effect.
Cal. Pub. Cont. Code § 10184
Award of Contracts
Known as the State Contract Act
The act spans §§ 10100 to 10285.5 (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.