Ind. Code § 36-1-9.5-6 – "Bid bond" defined | Midpage
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Ind. Code § 36-1-9.5-6
"Bid bond" defined
As added by P.L.85-1991, SEC.3.
As used in this chapter, "bid bond" means the approved form of security furnished with a bid to guarantee that the bidder will enter into the contract if the bidder's bid is accepted.