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ARTICLE 20 - CONTRACT SECURITY AND INSURANCE <br /> 20.01 Article 5 of the General Conditions, as may be modified by the Supplementary Conditions, <br /> sets forth OWNER's requirements as to Public Construction Bond and insurance. When the <br /> Successful Bidder delivers the executed Agreement to OWNER, it must be accompanied by such <br /> Bond, unless the Bond has been waived due to the total contract being less than $100,000. <br /> ARTICLE 21 - SIGNING OF AGREEMENT <br /> 21 01 When OWNER gives a Notice of Award to the Successful Bidder, it shall be accompanied <br /> by the required number of unsigned counterparts of the Agreement with the other Contract <br /> Documents which are identified in the Agreement as attached thereto. Within fifteen (15) days <br /> thereafter, Successful Bidder shall sign and deliver the required number of counterparts of the <br /> Agreement and attached documents to OWNER. <br /> 21.02 OWNER shall return one fully signed counterpart to Successful Bidder. <br /> 21.03 Should Bidder to whom the Contract has been awarded refuse or fail to complete the <br /> requirements of Article 21.01 above, the additional time in calendar days, required to correctly <br /> complete the documents will be deducted, in equal amount, from the Contract time. Or, the <br /> OWNER may elect to revoke the Award and the OWNER shall hold the Bid Bond for <br /> consequential damages incurred, and the Contract may be awarded as the OWNER desires. <br /> * * END OF SECTION <br /> 00200-Instructions to Bidders REV 04-07 doc <br /> 00200-10 <br /> FAPublic Works\ENGINEERING DIVISION PROJECTS\1219-Roseland Lake Improvements\Admim\Master Contract Documents\00200-Instructions to Bidders REV 04-07 doc <br /> Rev.05101 <br />