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State Statutes - Idaho - Title 70 - Chapter 16 - 70-1613
Idaho Statutes
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70-1613 - NOTICE -- AWARD OF CONTRACT -- BOND
Upon following the
procedural steps established by chapter 28, title 67, Idaho Code, for receipt
of bids, as modified by provisions of this title, the port commission shall
proceed to canvass the bids, and at the proper time thereafter may let the
contract upon the bid which the commission determines to be the best
responsible bid, whether or not the same be the lowest bid, upon the plans and
specifications on file, or the best responsible bid of a bidder submitting his
own plans and specifications. If, in the opinion of the commission, all bids
are unsatisfactory, they may reject all of them and readvertise, and in such
case all such bid proposal deposits shall be returned to the bidders; but, if
the contract is let, then all bid proposal deposits shall be returned to the
bidders, except that of the successful bidder, which shall be retained until a
contract is entered into for the purchase of such material or doing of such
work. A bond shall be given to the port district by the successful bidder for
the performance of the contract and otherwise conditioned as required by law,
with surety satisfactory to the commission, in an amount to be fixed by the
commission, but not in any event less than twenty-five percent (25%) of the
contract price. If said bidder fails to enter into the contract in accordance
with his bid and furnish such bond within ten (10) days from the date on which
he is notified that he is the successful bidder, the check or money order and
the amount thereof shall be forfeited to the port district, or the port
district shall recover the amount of the surety bid bond. In the alternative,
a port district may, by passage of a resolution by the board of commissioners,
elect to exclusively follow the provisions of chapter 28, title 67, Idaho
Code, concerning procurement.
 
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