Section 6-113. Security  


Latest version.
  • Each  bidder  whose  bid  is  accepted shall give
      security for the faithful performance of his  or  her  contract  in  the
      manner  prescribed  in  the  regulations  of  the board of estimate. The
      adequacy and sufficiency of such security, as well as the  justification
      and  acknowledgment  thereof,  shall  be  subject to the approval of the
      comptroller.