Each public works bidder on projects in excess of three hundred thousand dollars shall make a deposit in the form of a certified check or of a bid bond in an amount equal to not less than five percent of the total bid, which percentage shall have been specified in the call for bids. As part of any bid submitted, the bidder shall be required to warrant that the bid is a genuine bid, and submit on a form approved by the City Attorney a declaration under penalty of perjury under the laws of the State of Washington that he has not entered into collusion with any other bidder or any other person. The successful bidder shall furnish a performance bond, payment bond or both a payment and performance bond in an amount equal to the total amount of the contract; provided that the City may accept such lesser or alternative payment and performance security as is authorized by RCW 39.08.010 for certain public works contracts. (Ord. M-4173 §27, 2016; Ord. M-3960 §17, 2010; Ord. M-3129 §2 (part), 1994)