Legal Documents of Baxter

Code of Baxter

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 3 Municipal Purchasing » § 5-310 Bid deposit.
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5
Title 5
5-1
Title 5, Chapter 1
5-101
§ 5-101
Baxter
Title 5 : Municipal Finance and Taxation
Chapter 3 : Municipal Purchasing

5-310 : Bid deposit.

When deemed necessary, bid deposits may be prescribed and noted in the public notices inviting bids. The deposit shall be in such amount as the purchasing agent shall determine, and unsuccessful bidders shall be entitled to a return of such deposits within ten (10) calendar days of the bid opening. A successful bidder shall forfeit any required deposit upon failure on his/her part to enter a contract within ten (10) days after the award. (2011 Code, § 5-310)