Bid security.
San José Municipal Code § 27.10.060
in effect27.10.060 - Bid security.
A. The bid documents must require each bidder to provide bid security guaranteeing that the bidder, if awarded the Major Public Works Contract, will execute the contract.
B. Except as otherwise directed by the Council, the bid security amount for Major Public Works Contracts will be at least 10 percent of the total bid amount, without consideration of the amount of any bid alternates.
C. The bid documents will set forth the form of the bid security, the grounds and the manner for return and forfeiture of the bid security, and any other requirements the Director deems appropriate.
(Ord. 30308.)
Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT27PRPUWO_CH27.10PUBI_PT2BIDO_27.10.060BISEFetched: 11/1/2026