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Cluster · rate · no year
Bid security required for project bids (percentage of bid amount).
Not promoted to the official baseline.
This cluster is useful evidence for review. It does not drive the budget simulator until an admin confirms the amount against an official source and promotes it.
Corroboration
1docs
Consensus
0%
Votes attached
0
Date range
2019-03-19 — 2019-03-19
Bid security required for project bids (percentage of bid amount).
No bids will be considered unless sealed and filed with the City Clerk and accompanied by a cash deposit, cashier's check, or bid bond or certified check payable to the Clerk for five percent (5%) of the amount of such bid.
Reasoning: This is a required bid security rate, not a dollar amount.