California Law (Last Updated: March 4, 2014) |
Public Contract Code - PCC |
Division 2. GENERAL PROVISIONS |
Part 2. CONTRACTING BY STATE AGENCIES |
Chapter 2.5. California State University Contract Law |
ARTICLE 5. Award of Contracts |
Section 10781.
Latest version.
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If the successful bidder fails to execute the contract, the 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.
(Added by Stats. 1984, Ch. 1128, Sec. 4.)