26.10 - OPENING AND CONSIDERING BIDS.
26.10 OPENING AND CONSIDERING BIDS.
1. The date and time that each bid is received by the
governmental entity, together with the name of the person receiving
the bid, shall be recorded on the envelope containing the bid. All
bids received after the deadlines for submission of bids as stated in
the project specifications shall not be considered and shall be
returned to the late bidder unopened. The governmental entity shall
open, announce the amount of the bids, and file all proposals
received, at the time and place specified in the notice to bidders.
The governmental entity may, by resolution, award the contract for
the public improvement to the bidder submitting the lowest
responsive, responsible bid, determined as provided in section 26.9,
or the governmental entity may reject all bids received, fix a new
date for receiving bids, and order publication of a new notice to
bidders. The governmental entity shall retain the bid security
furnished by the successful bidder until the approved contract form
has been executed, a bond has been filed by the bidder guaranteeing
the performance of the contract, and the contract and bond have been
approved by the governmental entity. The provisions of chapter 573,
where applicable, apply to contracts awarded under this chapter.
2. The governmental entity shall promptly return the checks or
bidder's bonds of unsuccessful bidders to the bidders as soon as the
successful bidder is determined or within thirty days, whichever is
sooner. Section History: Recent Form
2006 Acts, ch 1017, §10, 42, 43; 2007 Acts, ch 144, §6
Referred to in § 26.3, 314.1