§ 177.05  BID DEPOSITS.
   (a)   Every prospective bidder for a public works contract or improvement shall be required to make a nonrefundable deposit of money with the Director of Finance at the time such bidder obtains each set of bid documents from the Purchasing Division, as follows.
 
Estimated Construction Cost
Deposit Required
Up to $200,000
$25
200,001 and above
$50
For each additional page of plans copied
$5
 
   (b)   All deposits required hereunder shall be collected and disbursed by the Director of Finance and credited and debited to the proper account.
   (c)   The Director of Finance is hereby authorized to return to each bidder the deposit required hereunder when each set of bid documents is returned within ten days after opening of bids by the Purchasing Division.
(Ord. 6586, passed 4-16-1974)