The form and manner of transmitting and receiving bids under the provisions of Section 107.01, the amount of deposit or performance bond, if any, to accompany such bids, and the terms, specifications and reservation of right to reject bids or waive irregularities therein shall be determined by the common council prior to each respective advertisement for bids and, insofar as is practical, be stated in the published notice.
(9-17-84.)