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I <br /> The bidder agrees, If it is ativarded the Contract, to commence Work under the Contract upon <br /> receipt of the Notice To Proceed from the Owner. Bidder further agrees to spay to Indian River <br /> County the amount of Five Hundred . Dollars ($500.00) per calendar day , not as a penalty but <br /> as liquidated damages; as set forth in the Contract Documents for each consecutive calendar -day <br /> after the date of substantial completion that the Work. is not corripleted as provided in the <br /> Contract Documents . <br /> ➢'ince of Completion * <br /> The Work shall commence -immediately upon receipt of the Notice To Proceed froYn the Owner <br /> and shall be substantially complete on or before 1 consecutive calendar days thereafter. <br /> Final completion shall be 30 calendar days thereafter. Therewill be a 30 ealendrtr datj 1 <br /> procurement ;period which will Hegira after construction plans have been approved and all <br /> required permits have been obtained. The contract` ticne swilll be suvended during the 30 day � <br /> procurement period. <br /> Acceptance of Bid : <br /> The CONTRACTOR understands . and agrees that the Owner reserves the right:to accept or reject <br /> any or all Bids submitted within GQ calendar days from the date of the laid opening. <br /> CONTRACTOR acknowledges that it shall be bound by the terms of this Bid and agrees that it <br /> will. not withdraw its "Bid for said period of time . Owner anticipates award of Fid within 60 <br /> calendar days from bid opening . <br /> 'rime : <br /> :finie is of the essence. The undersigned bidder agrees, that if awarded a contract, 10 execute an <br /> agreement within 15 days after notification of:' award ; to furnish the Public Construction Bond (if <br /> applicable) ; and provide all required insurance certificates in tlae same time frame . <br /> Respectfully Submitted, <br /> Naive of liirm Address <br /> Authorized Signature �--- -- — City, State, Zip Code _ _. . <br /> Title Phone <br /> Date Signecl_-__._�.. ..___ _....._ -_ ._.__.____ (Corporate Seal ) <br /> Business Receipt Number: – — <br /> l" E41N Number : .---- - - - -- - -- .. -- . - -- <br /> F :\Public Works\FiNCFIN$LRIN(i DIVISION PRC?.IEC:TS\ IQ42 VF3 Sports Vill�tee1Jgh ing\Admim\laid . <br /> dncuments\Addenlums\AdtletdultNo. 3 1 - 17- 11 Sheet I Ldoe 11 <br />