ยง 140. Disposition of deposit accompanying bid. Whenever as a
condition precedent to the reception or consideration of a proposal for
construction, alteration, repair or improvement for the state or any
department or officer thereof, a deposit of a certified check, money,
bonds, corporate stock, certificates of indebtedness, or otherwise, is
required, a bidder under such proposal may withdraw his bid if no award
of the contract be made within forty-five days after the receipt of the
bids, and upon such withdrawal his deposit shall be forthwith returned
to him. A check, money, corporate stock, bond, or other security, the
deposit of which is required by statute to secure a bid upon such a
proposal shall be retained under the jurisdiction of the comptroller
until returned to the bidder, or forfeited as provided by the law
pursuant to which such proposal was made. The provisions of this section
shall supersede the provisions of any act inconsistent herewith.
Structure New York Laws
135 - Separate Specifications for Contract Work for the State.
136 - Contracts in Pursuance of Appropriations.
136-B - Selection of Underwriters by State Agencies.
136-C - Contracts for Employee Training and Organizational Development Services.
136-D - Contracts Involving Industrial Painting and Industrial Coatings.
136-D*2 - Contracts Involving Low Embodied Carbon Concrete.
137 - Bond to Secure Payment of Certain Claims Arising From a Public Improvement; Enforcement.
138 - State Contracts Not to Be Assigned Without Consent.
138-A - Commencement of Actions on State Public Works Contracts.
139-A - Ground for Cancellation of Contract by State.
139-B - Disqualification to Contract With State.
139-C - Removal of Disqualification of Public Contractors by Petition.
139-D - Statement of Non-Collusion in Bids to the State.
139-E - Security Bonds; Municipal Projects.
139-F - Payment on Public Work Projects.
139-H - Participation in an International Boycott Prohibited.
139-J - Restrictions on Contacts During the Procurement Process.
139-K - Disclosure of Contacts and Responsibility of Offerers.
139-L - Statement on Sexual Harassment, in Bids.
140 - Disposition of Deposit Accompanying Bid.
141 - Claims Against Contractors.
142 - Workmen's Compensation Insurance on Public Works.
143 - Deposits on Plans and Specifications for Contracts for Public Work.
144 - Opening and Reading of Bids for Contracts for Public Work; Criminal Conspiracies.
145 - Acceptance of Final Payment Under a State Contract.
146 - Certain Construction Contracts Involving Steel.
148 - Certain Contracts Involving Personal Protective Equipment and Medical Supplies.