KRS 176.080: Bond or check to accompany bid -- Opening of bids - Awarding of

contracts - Security - Bids may be rejected -- Advertisement for new bids.

(1) Each bidder shall accompany his bid with a bond or certified check payable to the

State Treasurer for a reas onable sum, fixed by the department, guaranteeing that he

will enter into a contract with the department for doing the work if the work is

awarded to him.

(2) Bids shall be opened publicly at the time and place designated in the invitation for

bids. At the time the bids are opened, the department shall announce the

department's engineer's estimate and make it a part of the department's records

pertaining to the letting of any highway construction project contract for which bids

were received. Each bid, toge ther with the name of the bidder and the department's

engineer's estimate, shall be recorded and open to public inspection.

(3) The contract shall be awarded to the lowest and best bidder. The department may

require bonds from any contractor to secure the performance of any contract or may

require security by any other means it deems advisable.

(4) The department may reject any bid when it finds it for the best interest of the state

to do so. When all bids are rejected, the department shall advertise for ne w bids as

in the first place.