2-U.S.C.-6570

§6570 – Opening Bids For Stationery; Awarding Contracts

Pathway

Title 2 > Chapter 65 > Subchapter II > Part B > Section 6570

Details

• Reference: Section 6570
• Legend: §6570 – Opening Bids For Stationery; Awarding Contracts
• USCode Year: 2013

Provision Content

All such proposals shall be kept sealed until the day specified in such advertisement for opening the same, when the same shall be opened in the presence of at least two persons, and the contract shall be given to the lowest bidder, provided he shall give satisfactory security to perform the same, under a forfeiture not exceeding double the contract price in case of failure; and in case the lowest bidder shall fail to enter into such contract and give such security, within a time to be fixed in such advertisement, then the contract shall be given to the next lowest bidder, who shall enter into such contract, and give such security. And in case of failure by the person entering into such contract to perform the same, he and his sureties shall be liable for the forfeiture specified in such contract, as liquidated damages, to be sued for in the name of the United States.

(R.S. §67; Feb. 18, 1875, ch. 80, §1, 18 Stat. 316.)

Codification

Section was formerly classified to section 107 of this title prior to editorial reclassification and renumbering as this section.

R.S. §67 derived from Res. Mar. 3, 1815, No. 11, 3 Stat. 249.

U.S. Encyclopedia of Law Coverage

2-U.S.C.-6562 in the Legal Encyclopedia: Congress

In this entry about 2-U.S.C.-6562, find legal reference material, bibliographies and premiere content related to congress in the American Encyclopedia of Law, presenting a comprehensive view of the United States congress-specific issues, written by authorities in the field.

2-U.S.C.-6566 in the Legal Encyclopedia: Senate

In this entry about 2-U.S.C.-6566, find legal reference material, bibliographies and premiere content related to senate in the American Encyclopedia of Law, presenting a comprehensive view of the United States senate-specific issues, written by authorities in the field.

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