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The Bid security of other Bidders whom Owner believes to have a reasonable chance of receiving the award may be retained by the Owner until the earlier of the seventh (7) day after the effective date of the Agreement or the ninety-first (91) day after the Bid opening, whereupon Bid security fumished by such Bidders will be returned. Bid security with bids which are not competitive may be returned before the end of the ninety -day (90) period. 1.07 CONTRACT TIME The number of days within which, or dates by which, the work is to be substantially completed and also complete and ready for final payment (the Contract Time) are set forth in the Bid Form (Section 00300) and the Agreement (Section 00530). 1.08 LIQUIDATED DAMAGES Provisions for liquidated damages are set forth in the Agreement (Section 00530). 1.09 SUBSTITUTE OR "OR EQUAL" ITEMS The Contract, if awarded, will be on the basis of materials and equipment described in the Drawings or specified in the Specifications without consideration of possible substitute or "or equal" items. Whenever it is indicated in the Drawings or specified in the Specifications that a substitute or "or equal" item of material or equipment may be fumished or used by Contractor if acceptable to Engineer, application for such acceptance will not be considered by Engineer until after the Effective Date of the Agreement. The procedure for submission of any such application by Contractor and consideration by Engineer is set forth in Paragraph 6.05 of the General Conditions and may be supplemented in the General Requirements. 1.10 BID FORM A. The Bid Form is included with the Bidding Documents; additional copies may be obtained from Engineer (or'the issuing office). B. All blanks on the Bid Form must be completed in ink or by typewriter. C. Bids by corporations must be executed in the corporate name by the president or a vice president (or other corporate officer accompanied by evidence of authority to sign) and the corporate seal must be affixed and attested by the secretary or an assistant secretary. The corporate address and state of incorporation must be shown below the signature. D. Bids by partnership must be executed in the partnership name and signed by a partner, whose title must appear under the signature, and official address of the partnership must be shown below the signature. E. All names must be typed or printed below the signature. F. The Bid shall contain an acknowledgment of receipt of all Addenda (the number of which must be filled in on the Bid Form). 00100-4 H\Project10741 \Bidding Contract specifications1Spec Template120071001001instsuctions to Bidders.doc