Public Contract Code section 10781

If the successful bidder fails to execute the contract, the bidder’s security shall be forfeited to the state. The cash or proceeds shall be deposited in the fund out of which the expenses of preparation and printing of the plans and specifications, estimates of cost, and publication of notice are paid.

Source: Section 10781, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PCC§ionNum=10781. (updated Jan. 1, 1984; accessed Jun. 30, 2025).

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Up to date

Verified:
Jun. 30, 2025

§ 10781's source at ca.gov

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Location: https://california.public.law/codes/public_contract_code_section_10781

Original Source: Section 10781, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PCC§ionNum=10781. (last accessed May 12, 2025).