2011 Kentucky Revised Statutes CHAPTER 176 DEPARTMENT OF HIGHWAYS 176.080 Bond or check to accompany bid -- Opening of bids - Awarding of contracts - Security - Bids may be rejected -- Advertisement for new bids.
KY Rev Stat § 176.080 (1996 through Reg Sess) What's This?
176.080 Bond or check to accompany bid -- Opening of bids - Awarding of
contracts - Security - Bids may be rejected -- Advertisement for new bids.
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Each bidder shall accompany his bid with a bond or certified check payable to the
State Treasurer for a reasonable sum, fixed by the department, guaranteeing that he
will enter into a contract with the department for doing the work if the work is
awarded to him.
Bids shall be opened publicly at the time and place designated in the invitation for
bids. At the time the bids are opened, the department shall announce the
department's engineer's estimate and make it a part of the department's records
pertaining to the letting of any highway construction project contract for which bids
were received. Each bid, together with the name of the bidder and the department's
engineer's estimate, shall be recorded and open to public inspection.
The contract shall be awarded to the lowest and best bidder. The department may
require bonds from any contractor to secure the performance of any contract or may
require security by any other means it deems advisable.
The department may reject any bid when it finds it for the best interest of the state
to do so. When all bids are rejected, the department shall advertise for new bids as
in the first place.
Effective: July 15, 1994
History: Amended 1994 Ky. Acts ch. 278, sec. 2, effective July 15, 1994. -- Recodified
1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4356t3f, 4356t-6.
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