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Session Laws, 1939
Volume 581, Page 1649   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 1649

175, 000 to 225, 000............................................... 3, 000

225, 000 to 275, 000............................................... 4, 000

275, 000 to 325, 000............................................... 5, 000

325, 000 to 375, 000............................................... 6, 000

375, 000 to 425, 000............................................... 7, 000

425, 000 to 475, 000............................................... 8, 000

475, 000 to 525, 000............................................... 10, 000

525, 000 to 575, 000............................................... 12, 000

575, 000 to 625, 000............................................... 15, 000

625, 000 to 675, 000............................................... 18, 000

675, 000 to 725, 000............................................... 22, 000

725, 000 to 775, 000............................................... 25, 000

775, 000 to 825, 000................................................ 30, 000

825, 000 to 875, 000............................................... 35, 000

875, 000 to 925, 000............................................... 40, 000

925, 000 to 975, 000............................................... 45, 000

975, 000 to 1, 000, 000............................................ 50, 000

To all bids over $500, 000 there shall be attached the cer-
tified check of the bidder according to the schedule above
set forth, or he may, with the approval of the State Roads
Commission, accompany said bid by a bid bond with such
surety or sureties, acceptable to the Commission, in penal-
ties equal to the respective amounts set forth in the afore-
going schedule, the obligation of which said bond shall be
that the bidder to whom the contract is awarded shall
promptly and properly execute the contract and furnish
bond for the completion of the work provided thereunder,
as provided in the specifications.

To all bids over $1, 000, 000 there shall be attached a bid
bond with such surety or sureties, acceptable to the Com-
mission, in a penalty equal to five per cent. (5%) of the
amount of said bid, the obligation of which said bond shall
be that the bidder will promptly and properly execute the
contract and bond provided for in the specifications.

If any bidder who files a bid bond under the provisions
of this section shall fail to promptly and properly execute
the bond for the completion of the work provided there-
under, as provided in the specifications, then said bid
bond shall be in default and the surety shall be liable
thereon for the full amount of damage sustained by the
State Roads Commission by reason of the failure of the
bidder to promptly and properly execute a bond for the
completion of the work.

The checks of the unsuccessful bidders shall be returned
to them after opening the bids and awarding the contract
to the successful bidder. Provided, however, that the said
Commission may itself do any part or parts of any such
work under such conditions in every respect as it may


 

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Session Laws, 1939
Volume 581, Page 1649   View pdf image (33K)
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