13-20-7. Deposit and performance bond by supply and equipment bidders--Rejection of bids.
72 words·~1 min read·
/sd/title-13/chapter-13-20/13-20-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If supplies or equipment are to be purchased, a school board advertising pursuant to § 13-20-3 may require a reasonable deposit guaranteeing the execution of contract and the furnishing of a performance bond by the successful bidder in accordance with chapters 5-18A and 5-21 . The board may accept an annual bond if the bid meets the requirements of chapters 5-18A and 5-21 . The board may reject any and all bids.