Each bid shall be accompanied by cash, a cashier’s or certified check, or a bidder’s bond executed by a surety licensed to do business in the State of California as a surety, made payable to the Distr

Description

ict, in an amount not less than ten percent (10%) of the maximum amount of the bid. The check or bid bond shall be given as a guarantee that the bidder to whom the Contract is awarded will execute the Contract Documents and will provide the required payment, performance bonds, and insurance certificates within ten (10) days after the notification of the award of the Contract.