Code of Virginia § 21-350. Bond to accompany bid.
47 words·~1 min read·
/va/title-21/chapter-6/21-350A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No bid shall be entertained that is not accompanied by a bond with sureties in an amount equal to five per centum of the bid or that exceeds the estimated cost of the work to be awarded to a contractor.
Code 1919, § 1761; 1926, p. 616.