If the notice inviting bids includes a monetary payment, every bid shall be accompanied by a check certified by a responsible bank in the City of Los Angeles, payable to the order of the City of Los Angeles for an amount not less than 10 percent of the aggregate sum of the bid; or, in lieu thereof, may be accompanied by a satisfactory surety bond in like amount, guaranteeing that the person submitting the bid will enter into the proposed contract if the same be awarded to it.
The bid likewise shall be supported by a non-collusion affidavit, as provided in Charter Section 371. The Governing Body may permit any informality in such affidavit to be remedied, so as to comply with requirements, at any time prior to award of the contract.
After bids have been opened and declared, except with the consent of the Governing Body, no bid shall be withdrawn, but the same shall be subject to acceptance by the Governing Body for a period of three months or such lesser period as prescribed in the resolution inviting bids.
SECTION HISTORY
Based on Ord. No. 114,262.
Amended by: Ord. No. 173,587, Eff. 12-7-00; In Entirety, Ord. No. 185,205, Eff. 11-22-17.