All bids must be accompanied by a certified check, bank cashier's check or letter of credit in the amount of 10% of the total bid, or by a bid bond in the amount of 10% of the total bid which shall be forfeited if the successful bidder fails to enter into a contract with Hanover Township after notice of acceptance of his proposal. Such security shall be submitted in accordance with Section 1-214 above.
(Ord. 64, § 6(3), 7-12-78; as amended by Ord. 151, 3-28-84; by Ord. 505, 10/20/2010, § 1; and by Ord. 593, 4/4/2018)