Legal Documents of Baneberry

When deemed necessary, bid deposits may be prescribed and noted in the public notices inviting bids. The purchasing agent shall determine an appropriate deposit amount that will ensure that the winning bidder will undertake the contract under the terms at which they bid. Unsuccessful bidders shall be entitled to return of the deposits where such has been required. A successful bidder shall forfeit any required deposit upon failure on his part to enter into a contract with the city within ten (10) days after the award. (Ord. #216-2, March 2016)