2014 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.
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<![CDATA[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. 4356t-3f, 4356t-6.
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