Statute · California Public Contract Code
Cal. Pub. Cont. Code § 10512 — Real Property
Cal. Pub. Cont. Code § 10512
- Type
- Statute
- Source
- California Public Contract Code
- Jurisdiction
- California
- Date
- 2015-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) On the date designated in the public notice, the sealed bids shall be publicly opened.
Citator
Cal. Pub. Cont. Code § 10512 — Real Property is in force in the current edition of the Code, and nothing recorded condemns it.
(a) On the date designated in the public notice, the sealed bids shall be publicly opened.
(b) (1) The regents shall accept in public the bid or proposal that it deems to offer the best combination of price, terms, and bidder’s qualifications to the university, or reject all bids or proposals. A bidder’s qualifications may include factors other than price and terms, such as the bidder’s ability to complete the transaction or to secure development entitlements.
(2) If a successful bidder fails to perform in the manner specified, the regents may, at their sole option and without further notice, accept, from those remaining bids or proposals submitted and opened in public pursuant to subdivision (a), the bid or proposal that it deems to offer the best combination of price, terms, and bidder’s qualifications to the university.