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Proposal security.

Riverside Municipal Code § 1.07.100
in effect
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1.07.100 - Proposal security. All proposals shall be accompanied by a cashier's check or certified check made payable to the City of Riverside, or a bidder's bond executed by a surety admitted to engage in such business in the State of California, for an amount equal to ten percent of the amount of the proposal and no Proposal shall be considered unless such proposal guarantee is properly enclosed therewith. The proposal guarantee shall be forfeited if the proposal is withdrawn beyond the deadline set forth in the RFP, or if the proposal is accepted but the Design-Build Entity fails to execute the Design-Build contract. (Ord. 6830 § 1, 2005)
Source: City of Riverside, California, Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/ca/riverside/codes/code_of_ordinances?nodeId=PTIICOOR_TIT1GEPR_CH1.07DEILPR_1.07.100PRSEFetched: 11/1/2026

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1.07.100 | Corpus