§ 4.08.110. Return of bid securities.

Latest version.

The city shall promptly return to the unsuccessful bidders their bid security. The city shall retain the bid security of the successful bidder until after execution of the contract and approval of the bonds or other security furnished by the bidder for the faithful performance of the contract or purchase order, and then shall return such bid security to the successful bidder.

(Ord. 6899 § 2 (part), 2002: Ord. 5068 § 3.06, 1972)

                    
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