HRS §102-7
Return or loss of bid deposits
This section says what happens to a bidder's deposit on a government contract. If the winning bidder fails to sign the contract and provide required security on time, the deposit is kept by the government. Otherwise, deposits are returned to the winning and losing bidders.
businesses
The statute, as written — Forfeiture of deposits, return thereof
If the bidder to whom the contract is awarded fails or neglects to enter into the contract and furnish satisfactory security, as required by sections 102-11 and 102-12, within ten days after the award or within such further time as the officer awarding the contract may allow, the officer shall pay the amount of the deposit into the treasury as a realization of the State, county or other governmental agency, as the case may be. If the contract is entered into and the security furnished within the required time, the deposit, certificate, or check shall be returned to the successful bidder. The deposits made by the unsuccessful bidders shall be returned to them after the contract is entered into or, if the contract is not awarded or entered into, after the officer's determination to publish another call for tenders.
Sections this one refers to
§102-11 Security requirements before signing a contract
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.