13-1-147. Bid security; rejection of bids.
50 words·~1 min read·
/nm/chapter-13-public-purchases-and-property/article-1-procurement/13-1-147·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. When the invitation for bids requires bid security, noncompliance by the bidder requires that the bid be rejected.
B. If a bidder is permitted to withdraw its bid before award, no action shall be had against the bidder or the bid security.
History: Laws 1984, ch. 65, § 120.