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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(5%) <br /> of the total bid. Bid Bonds and deposits amounting to less than one hundred dollars need not be <br /> submitted. All checks should be made payable to the County. If the successful bidder fails to <br /> deliver as indicated in the Special Terms and Conditions, does not conform to specifications or fails <br /> to perform as agreed upon, the County shall be entitled to retain the deposit to rectify the bidder's <br /> unacceptable performance. The only types of acceptable surety 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 award <br /> of the contract. <br /> 20. PRE-BID SITE INSPECTION AND PRE-BID CONFERENCE <br /> SITE INSPECTION - NONE <br /> PRE-BID CONFERENCE — MANDATORY —Wednesday, September 10, 2014—See <br /> Page 100-2, Advertisement for Bid <br /> 21. TIME OF COMPLETION AND LIQUIDATED DAMAGES <br /> BASE BID —TIME FRAME <br /> The work to be performed as part of the BASE BID project timeframe shall commence on the date of <br /> the written notice to proceed given by the County, which is anticipated to be issued on November <br /> 10, 2014. All work that is to be performed as part of this contract shall be substantially completed by <br /> the 60th day and totally 100% completed by the 75th day, with such extensions of time in <br /> calendar days as are provided for in the General Terms and Conditions 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 as a <br /> penalty, the sum of$758.00 dollars per calendar day between the date Substantial Completion of <br /> the work is achieved and the Final 100% Completion date and or Acceptance by the County for <br /> each and every day or part of a day thereafter that said work remains incomplete. <br /> 53 <br />