12-2829. Advertisements for bids; awarding of contracts.
12-2829
12-2829. Advertisements for bids; awarding of contracts.
Advertisements for bids shall be published once in a daily
newspaper of general circulation published in the metropolitan area, at
least 10 calendar days before the time for
receiving bids. The advertisement shall also be posted on readily
accessible bulletin boards in the principal office of the authority. The
advertisement shall state the time and place for receiving and
opening bids and, by reference to plans and specifications on file at
the time of the first publication or in the advertisement itself, shall
describe the character of the proposed contract in sufficient detail to
fully advise prospective bidders of their obligations and to insure free
and open competitive bidding.
All bids in response to advertisement shall be sealed and shall be
publicly opened by the board, and all bidders shall be entitled to be
present in person or by representatives. Cash or a certified or
satisfactory cashier's check, as a deposit of good faith, in a
reasonable amount to be fixed by the board before advertising for bids,
shall be required with the proposal of each bidder. Bond for faithful
performance of the contract with surety or sureties satisfactory to the
board and adequate insurance may be required in reasonable amounts
fixed by the board before advertising for bids.
The contract shall be awarded as promptly as possible after the
opening of bids. The bid of the successful bidder, as well as the bids
of the unsuccessful bidders, shall be placed on file and be open to
public inspection. All bids shall be void if any disclosure of the terms
of any bid in response to an advertisement is made or permitted to be
made by the board before the time fixed for opening bids.
History: L. 1955, ch. 118, § 29; L. 1981, ch. 173, § 30; July 1.