Is a cashiers check for 5% acceptable for the bid
> bond
Answer:
If the proposal is over $50,000, a bid bond should be provided with the bid. A certified check, bank draft,
U.S. Government Bonds at par value, bid bond secured by an acceptable surety company, or other negotiable instrument may be accepted as a bid guarantee. If
the successful bidder refuses to sign the contract after award, the bid bond is forfeited and award will go to the next lowest responsive, responsible bidder.
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