10. Disqualification relating to contract: No governmental contract or contract of another work shall be awarded to any of the following persons nor shall such a person take the contract:
(a) A person who has been held an offender of the offense of theft, robbery, burglary, forceful theft, secret theft, forgery, fraud or homicide and sentenced for the same, or
(b) A person who has been unable to repay loan to creditors and become insolvent, or
(c) A person who has not been able to repay governmental dues