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ARTICLE 20 - CONTRACT SECURITY AND INSURANCE <br /> 20 . 01 Article 5 of the General Conditions , as may be modified by the Supplementary Conditions , <br /> sets forth OWNER's requirements as to performance and payment Bonds and insurance . When <br /> the Successful Bidder delivers the executed Agreement to OWNER , it must be accompanied by <br /> such Bonds , unless the Bonds have been waived due to the total contract being less than <br /> $50 , 000 . <br /> ARTICLE 21 - SIGNING OF AGREEMENT <br /> 21 . 01 When OWNER gives a Notice of Award to the Successful Bidder, it shall be accompanied <br /> by the required number of unsigned counterparts of the Agreement with the other Contract <br /> Documents which are identified in the Agreement as attached thereto . Within fifteen ( 15) days <br /> thereafter, Successful Bidder shall sign and deliver the required number of counterparts of the <br /> Agreement and attached documents to OWNER. <br /> 21 . 02 OWNER shall return one fully signed counterpart to Successful Bidder. <br /> 21 . 03 Should Bidder to whom the Contract has been awarded refuse or fail to complete the <br /> requirements of Article 21 . 01 above , the additional time in calendar days , required to correctly <br /> complete the documents will be deducted , in equal amount, from the Contract time . Or , the <br /> OWNER may elect to revoke the Award and the OWNER shall hold the Bid Bond for <br /> consequential damages incurred , and the Contract may be awarded as the OWNER desires . <br /> * * END OF SECTION <br /> 00200 - Instructions to Bidders REV 04-07 <br /> 00200 - 10 <br /> F:\Engineering\Capital Projects\0216-12th Street Between 16th Avenue and 11th Place\0216 Bid Documents\00200 - Instructions to Bidders REV 04-07 .doc Rev. <br /> 05/01 <br />