California · Public Contract Code - PCC
PCC §10784: The bidder’s security of the second and third lowest responsible bidders may be withheld until the contract has been finally executed.
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The bidder’s security of the second and third lowest responsible bidders may be withheld until the contract has been finally executed. The cash, cashier’s checks, and certified checks submitted by all other unsuccessful bidders shall be returned to them within 10 days after the contract is awarded, and their bidders’ bonds shall be of no further effect.
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