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ORDINANCE 2008-016 (c) Bid bonds and other bid security. (1) Bids under twenty-five thousand dollars ($25,000.00). Normally, a bid bond shall not be required; however, if the county administrator determines that a bid bond is desirable in a particular instance the solicitation of competitive bids or proposals/advertisement public notice inviting bids shall specify the requirement for a bid bond and the procedures in subparagraphs (2) and (3) of this paragraph shall apply. (2) Bids twenty-five thousand dollars ($25,000.00) or over. Bid bonds equal to five (5) percent of the total bid amount shall be submitted with each bid unless the public notice soliciting competitive bids or proposals/advertisement inviting bids specifies that a bid bond is not necessary. Unsuccessful bidders shall be entitled to return of the bid bond s ret -y afte-rno later than the final award of bid. The county shall retain the bid bond of a successful bidder - _ e • - _ - . _ - . e . - - upon failure by the successful bidder ea his part to execute and deliver enter a contract and, where applicable, the required payment and performance bonds within fifteen (15) ten (10) days after receipt of a proposed contract from the County, unless such time is extended by the county administrator. (3) {Bid Security Options in lieu of bid bond.} See paragraph (h)(3) of this section for options Any bidder may submit a certified check or a cashier's check, drawn on any bank authorized to do business in the State of Florida in an amount equal to five (5) percent of the total bid amount as bid security in lieu of a bid bond. The county shall retain the bid security of a successful bidder upon failure by the successful bidder to execute and deliver a contract and, where applicable, the required payment and performance bonds within fifteen (15) days after receipt of a proposed contract from the County, unless such time is extended by the county administrator. (d) Bid opening procedures: (1) Sealed. Bids shall be submitted sealed and shall be identified as bids on the envelope. (2) Opening Bids shall be opened in public at the time and place stated in the public notice. (3) Tabulation. A tabulation of all bids received shall be available for public inspection. (e) Rejection_of bids. The county commission shall have the authority to reject any or all bids, parts of any or all bids, or any or all bids for any one or more supplies or contractual services included in the proposed contract, when the public interest shall be served thereby. Further, after rejection of all bids, the county commission may republish for new bids. County administrator shall have this same authority with respect to bids for contracts under the purchasing authority of the county administrator. (Section 105.01) (f) Bidders in default to county. The county commission may reject the bid of a contractor, vendor, or other service provider who is in default on the payment of taxes, licenses, or other monies due the county The county administrator shall have this same authority with respect to bids for contracts under the purchasing authority of the county administrator. (Section 105.01) 3