# Sec. 10A-133. Bid security

Codified through Bill No. CB-018-2026, adopted May 12, 2026, effective July 24, 2026. Source: Municode, Supplement 2026 Update 2. Editorial notes and legislative history omitted.

## Sec. 10A-133. Bid security

Prince George's County, Md., Code § 10A-133 (2026)

(a) A bid security shall be required for all construction contracts when the contract price is estimated by the County to exceed Two Hundred and Fifty Thousand Dollars ($250,000). The Purchasing Agent may also require such bid security as may be deemed necessary for any other contract required to be awarded by competitive sealed bidding or competitive sealed proposal if the contract is Two Hundred and Fifty Thousand Dollars ($250,000) or greater. The bid security shall be a bond provided by a surety company authorized to do business in Maryland, cash, or the equivalent of cash, in a form satisfactory to the County.

(b) The bid security shall be in an amount equal to no more than 5% of the amount of the bid or price proposal and shall be an amount determined by the Purchasing Agent or designee.

(c) When the Invitation for Bids or Request for Proposals requires a bid security be provided, noncompliance requires that the bid be rejected; provided, however, that the Purchasing Agent may set forth by regulation exceptions to this requirement in the event of substantial compliance.

(d) If a bidder is permitted to withdraw its bid before award because of mistake in the bid, no action shall be taken against its bid security.

(e) Businesses may be permitted to file with the Purchasing Agent an annual bid security in an amount established by the Purchasing Agent in lieu of furnishing individual bid securities.