The director may require the party requesting the publication of a call for tenders to deposit with the director a certified check or cash equal to or greater than the estimated cost of publishing the advertisement for bids, before such advertisement is published. The cost of publication may be deducted from the deposit and retained by the city if the party fails to submit a bid.
(Sec. 30-2.5, R.O. 1978 (1983 Ed.)) (1990 Code, Ch. 28, Art. 2, § 28-2.5)