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19 . BID BONDS/ DEPOSITS <br /> Each bid must be accompanied by a Bid Bond or Deposit in a sum of not less than five percent <br /> (5% ) of the total bid . Bid Bonds and deposits amounting to less than one hundred dollars need <br /> not be submitted . All checks should be made payable to the County . If the successful bidder <br /> fails to deliver as indicated in the Special Terms and Conditions , does not conform to <br /> specifications or fails to perform as agreed upon , the County shall be entitled to retain the <br /> deposit to rectify the bidder' s unacceptable performance . The only types of acceptable surety <br /> will be : <br /> 1 . Bid Bond signed by a surety company authorized to do business in the State of <br /> Florida . <br /> 2 . Cashier Check . <br /> 3 . Certified Check drawn on a responsible financial institution . <br /> 4 . U . S . Postal Money Order. <br /> The County reserves the right to hold the bid security of the three ( 3 ) best value bidders until the <br /> contract is properly executed . Bid deposits of other unsuccessful bidders will be returned after <br /> award of the contract. <br /> 20 . PRE -BID SITE INSPECTION AND PRE -BID CONFERENCE <br /> SITE INSPECTION - NONE <br /> PRE- BID CONFERENCE - NONE <br /> 21 . TIME OF COMPLETION AND LIQUIDATED DAMAGES <br /> BASE BID — TIMEFRAME <br /> The work to be performed as part of the BASE BID project timeframe shall commence on the <br /> date of the written notice to proceed given by the County , which is anticipated to be issued on <br /> XXXX XX , 2010 . All work that is to be performed as part of this contract shall be substantially <br /> completed by XXXXX XX , 2010 and totally 100 % completed by XXXX XX, 2010 , with such <br /> extensions of time in calendar days as are provided for in the General Terms and Conditions <br /> outlined below . <br /> If said work is not substantially completed within the specified timeframes listed above , the <br /> contractor shall be liable and hereby agrees to pay the owner as liquidated damages , and not <br /> as a penalty , the sum of $ 388 . 00 dollars per calendar day between the date Substantial <br /> Completion of the work is achieved and the Final 100 % Completion date and or Acceptance by <br /> the County for each and every day or part of a day thereafter that said work remains incomplete . <br /> 57 <br /> 12/29/2009 2:23:44 PM <br />