No bid shall be entertained that is not accompanied by a bond with sureties in an amount equal to five per centum of the bid or that exceeds the estimated cost of the work to be awarded to a contractor.\nCode 1919, § 1761; 1926, p. 616.
Virginia Legal Code
§ 21.350
Source: https://law.lis.virginia.gov/vacode/21-350/· Version 2026