§ 2-24. Bidders' deposit.

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Whenever any proposals shall be solicited for the doing of any public work or improvement in the city, every corporation, copartnership or person submitting a bid for the furnishing of the materials and the doing of such public work shall submit with such bid, a bid bond or a certified check drawn upon a solvent bank or trust company in the state of New York or cash in a sum set forth in the specifications for furnishing said materials and the doing of such public work, which sum shall be fixed by the commissioner of purchase upon the recommendation of the city engineer.

(Gen. Ord. No. 16-1978, 5-1-78)

                    
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