The state treasurer may require each bidder submitting a proposal under section 53, as a condition precedent to the consideration of such bidder's proposal, to submit a good faith deposit or otherwise secure such bidder's proposal, in such manner and amount as the state treasurer shall determine to be appropriate.
Mass. Gen. Laws ch. 29, § 54
Deposits or other security for proposals by bidders
Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.