Laws of New York (Last Updated: November 21, 2014) |
ADC New York City Administrative Code(NEW) |
Title 6. CONTRACTS, PURCHASES AND FRANCHISES |
Chapter 1. CONTRACTS AND PURCHASES |
Section 6-113. Security
Latest version.
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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.