California · Public Contract Code - PCC
PCC §20171: The security shall be in an amount equal to at least 10 percent of the amount bid.
What this law says, in plain English
A security deposit must equal at least 10 percent of the bid amount.
Read the full statutory text
The security shall be in an amount equal to at least 10 percent of the amount bid. A bid shall not be considered unless one of the forms of bidder’s security is enclosed with it.
Verify at the official source: California legislative text
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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.