Sec. 11B-18. Bid security.

   The Director may require bid security as a condition of submitting a competitive sealed bid. The Director must determine the amount of bid security. Bid security must be:

   (a)   a bond provided by a surety company authorized and licensed to do business in this State;

   (b)   cash; or

   (c)   other security satisfactory to the County. (1994 L.M.C., ch. 30, § 1; 2010 L.M.C., ch. 7, § 1.)