356                              LAWS OF MARYLAND                       [CH. 157

supervision and subject to the approval of the said Commission,
in accordance with the plans and specifications prepared by the chief
engineer and approved by said Commission. In all cases where the
contract for work and materials shall be given out after competi-
tive bidding the successful bidder shall promptly execute a formal
contract to be approved as to its form, terms and conditions by said
Commission, and shall also execute and deliver to said Commission
a good and sufficient bond to be approved by said Commission to
the State of Maryland in not less than the amount of the contract
price. In no case shall any such bond be approved or accepted unless
the obligors bind themselves therein to the payment of all just debts
for labor and materials incurred by the bidder in the construction
and improvement of the road contracted for. To all such bids there
shall be attached the certified check of the bidder, or a cashier's or
treasurer's check drawn upon a bank, and the bidder who has the
contract awarded to him and who fails to promptly and properly
execute the contract and bond shall forfeit the said contract. The
said check shall be taken and considered as liquidated damages, and
not a penalty, for failure of said bidder to execute said contract and
bond. Upon the execution of said contract and bond by a successful
bidder his check shall be returned to him. The amount of the check
to be attached to the bid shall be based on the aggregate amount
of the bid submitted and covered by the following table:

Aggregate

Amount of Bid                                          Amount of Check

Less than $ 20,000  .............................................................................................$ 500

$ 20,000  to      50,000  ............................................................................................. 1,000

50,000  to      75,000............................................................................................. 1,500

75,000  to    125,000  ........................................................................................... 2,000

125,000  to    175,000  ............................................................................................. 2,500

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

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1966.

Approved April 14, 1966.