Cal. PCC § 20541
This is the official text of Cal. PCC § 20541, part of California’s Public Contract Code — governs how California government agencies award and manage contracts.
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Official statutory text
If any bidder to whom a contract is awarded fails to enter into the contract and execute the required bonds, the board of directors shall declare the check accompanying the bid of such bidder to be forfeited. Upon cashing the check the proceeds shall be placed to the credit of the construction fund of the district. The board of directors may thereupon award the contract to the next lowest responsible and acceptable bidder, or may call for new bids.
Status: in_force · Read it on the official government site
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