§ 10181
51 words·~1 min read·
/ca/public-contract-code/10181A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the successful bidder fails to execute the contract, his bidder’s security shall be forfeited to the state. The cash or proceeds shall be deposited in the fund out of which the expenses of preparation and printing of the plans and specifications, estimates of cost, and publication of notice are paid.