(a) The board of drainage commissioners: (1) shall advertise for bids to construct the drainage project; (2) shall award the contract for the drainage project to the lowest responsible bidder; and (3) may reject any or all bids and readvertise for other bids. (b) The board of drainage commissioners shall set: (1) the terms for payment with the contractor; and (2) the amount of the contractor's bond, which shall be given in favor of the board of drainage commissioners.
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