Cal. PCC § 20355.5
This is the official text of Cal. PCC § 20355.5, part of California’s Public Contract Code — governs how California government agencies award and manage contracts.
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Official statutory text
All bids for construction work shall be presented under sealed cover and shall be accompanied by one of the following forms of bidder’s security:
(a) Cash.
(b) A cashier’s check made payable to the district.
(c) A certified check made payable to the district.
(d) A bidder’s bond executed by an admitted surety insurer, made payable to the district.
Upon an award to the lowest bidder, the security of an unsuccessful bidder shall be returned in a reasonable period of time, but in no event shall that security be held by the district beyond 60 days from the time the award is made.
(a) Cash.
(b) A cashier’s check made payable to the district.
(c) A certified check made payable to the district.
(d) A bidder’s bond executed by an admitted surety insurer, made payable to the district.
Upon an award to the lowest bidder, the security of an unsuccessful bidder shall be returned in a reasonable period of time, but in no event shall that security be held by the district beyond 60 days from the time the award is made.
Status: in_force · Read it on the official government site
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