Public Contract Code § 10783
ARTICLE 5. Award of Contracts
The failure of the successful bidder to furnish any bond required by law, within the time fixed for execution of the contract, constitutes a failure to execute the contract.
ARTICLE 5. Award of Contracts
The failure of the successful bidder to furnish any bond required by law, within the time fixed for execution of the contract, constitutes a failure to execute the contract.