May a contractor submit a personal check as a bid deposit?
No, only cash, bid bond, certified check or cashiers check is acceptable for a bid deposit. Failure to submit a bid deposit in the amount of 5% of the bid will be deemed a non-responsive bid by staff. After the lowest three bidders have been determined, all other bid bonds will be released. After a contract has been executed, all remaining bid security will be released.
Related Questions
- If an employee leaves state service, is there any time period during which he or she cannot submit a bid for a contract for service currently performed by state employees?
- What is in place to ensure that a contractor does not submit a low bid and then raise the price after they win?
- How often must a contractor submit an Affirmative Action plan?
