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s <br />15.4 Owner may conduct such investigations as Owner deems necessary to <br />assist in the evaluation of any Bid and establish the responsibility, <br />qualifications, and financial ability of Bidders, proposed subcontractors, <br />suppliers, and other persons and organizations to perform and furnish the <br />work in accordance with the Contract Documents to Owner's satisfaction <br />within the prescribed tune. <br />15.5 If the Contract is to be awarded, it will be awarded to the lowest Bidder <br />whose evaluation by Owner indicates to Owner that the award wilt be in <br />the best interests of the'Project. <br />15.6 If the Contract is to be awarded, Owner will give the Successful Bidder a <br />Notice of Award within sixty days after the day of the Bid opening. <br />15.7 More than one Bid from an individual, firm, partnership, corporation, or <br />association under the same or different names will not be considered. <br />Reasonable grounds for believing that one Bidder is financially interested in <br />more than one proposal for the same work will cause the rejection of all <br />proposals in which such Bidders are believed to be interested. Any or all <br />proposals will be rejected if there is reason to believe that collusion exists <br />among the Bidders, and no participants in such collusion will he considered <br />in future proposals for the same work. <br />15.8 Within ten (10) calendar days of the date of award of the Contract, the <br />Bidder to whom the Contract is awarded shall execute and deliver the <br />necessary documents entering into the Contract with the Owner. Payment <br />Bond for the total amount of the Bid and Performance Bond for 125% of <br />the Bid sluill have been furnished, executed, and delivered before the <br />Contract will be executed by the Owner. <br />15.9 Failure upon the part of the Bidder to whom the Contract has been <br />awarded to execute and deliver the Contract and the Surety Corporation <br />Bond in the manner and within the time provided shall be just cause for <br />annulment of the award and for the exclusion of the Bidder from bidding <br />on subsequent projects, at the Owner's discretion. It is understood and <br />agreed by said Bidder, that if the award is annulled for the above persons, <br />the certified check or Bid Bond s'ta'g become (lie property of the Owner, <br />not as a penalty, but as liquidated damages. <br />00100-8 <br />