Laserfiche WebLink
CURRE~ POLICY <br /> <br /> No propos~ shall be considered or accepted u~ess at the <br /> time of i~ filing it is accompmfied by a deposit equal to not <br /> less than five percent of the proposal. In the case of bids on <br /> purchase contracts under $100,000, the Board of <br /> Commissioners may waive the bid deposit requirement. The <br /> deposit requirement for bids on construction and repair <br /> contracts may not be waived. <br /> <br /> The bid deposit may be in the form of cash, cashier's check, <br /> certified check, or a bid bond by a surety licensed in North <br /> Carolina. Otber forms of deposit are not acceptable. <br /> <br /> This deposit shall be retained if the successful bidder fails to <br /> execute the cantract within ten days after the award or fails <br /> to give satisfactory surety as required herein. <br /> <br />PROPOSED POLICY <br /> <br /> Bi(l Bond <br /> <br /> No proposal sbal! be considered or accepted unless at the <br /> time of its filing it is accompanied by a deposit equal to not <br /> less than five percent of the proposal for all com'Oucffon and <br /> repair contra~ and pumO~e eontracU greater than $100,000. <br /> In the case of bid~ on puw_hare contracu under $100,000, <br /> deposils will not be require~ unle~ specified by the Courtly <br /> Manager. <br /> <br /> The bid deposit may b~ in the form of cash, cashier's check, <br /> certified check, or a bid bond by a surety licensed in North <br /> Carolina. Other forms of deposit are not acceptable. <br /> <br /> This deposit shall be retained if the successful bidder fails to <br /> execute the contract within ten days after the award or fails <br /> to give satisfactory surety as required herein. <br /> <br /> <br />