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State of Florida . Bid Security must be in the sum of not less than Five Percent ( 5 % ) of the total <br /> amount of the bid , made payable to Indian River County Board of County Commissioners . In <br /> the event the Contract is awarded to the Bidder, Bidder will enter in a Contract with the County <br /> and furnish the required 100 % Public Construction Bond within the timeframe set by the <br /> County . If Bidder fails to do so , the Bid Security shall be retained by the County as liquidated <br /> damages and not as penalty . Please note that the questionnaire must be filled out completely <br /> including the financial statement . <br /> The County reserves the right to delay awarding of the Contract for a period of ninety ( 90 ) <br /> days after the bid opening , to waive informalities in any bid , or reject any or all bids in whole <br /> or <br /> in part with or without cause/or to accept the bid that , in its judgement , will serve <br /> the best <br /> interest of Indian River County , Florida . The County will not reimburse any Bidder for bid <br /> preparation costs . <br /> INDIAN RIVER COUNTY <br /> By : Jerry Davis <br /> Purchasing Manager <br /> For Publication in the Vero Beach Press Journal <br /> Date : March 21 , 2012 <br /> For: Vero Beach Press Journal <br /> Please furnish tear sheet and Affidavit of Publication to : <br /> INDIAN RIVER COUNTY <br /> PURCHASING DIVISION <br /> 1800 27th Street <br /> Building " B " <br /> Vero Beach , FL 32960 <br /> * * END OF SECTION * * <br /> 00100 - Advertisement for Bids REV 04-07 . doc <br /> 00100 - 2 <br /> F: \Public Works\ENGINEER ING DIVISION PROJECTS\ 1142-Misc Culvert Replacements\Admim\bid documents\00100 - Advertisement for Bids REV 04-07 . doc <br />