If the successful bidder fails to execute the contract, the amount of the bidder’s security shall be forfeited to the city except as hereinafter provided.
Cal. Pub. Cont. Code § 20172
Cities
Known as the Local Agency Public Construction Act
The act spans §§ 20100 to 20929 (618 sections).
Added by Stats. 1982, Ch. 465, Sec. 11.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.