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Session Laws, 1949
Volume 590, Page 1812   View pdf image (33K)
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1812 LAWS OF MARYLAND. [CH. 730

Aggregate Amount of Bid Amount of Check

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

(b) To all bids over $500, 000 there shall be attached the
certified 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 penalties
equal to the respective amounts set forth in the aforegoing
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 com-
pletion of the work provided thereunder, as provided in the
specifications.

(c) To all bids over f 1, 000, 000 there shall be attached a bid
bond with such surety or sureties, acceptable to the Commis-
sion, 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.

(d) 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 thereunder, 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 Commis-
sion by reason of the failure of the bidder to promptly and
properly execute a bond for the completion of the work.

(e) The checks of the unsuccessful bidders shall be re-
turned to them after opening the bids and awarding the con-
tract 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 pre-
scribe by day labor in all cases wherein the funds provided

 

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Session Laws, 1949
Volume 590, Page 1812   View pdf image (33K)
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