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4D <br />40 <br />40 <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 (lie 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 certiitied check or Bid Bond shall become the property of the Owner, <br />not as a penalty, but as liquidated damages. <br />16. CONTRACT SECURITY <br />Paragraph 5.1 of the General Conditions and the Supplementary Conditions set forth <br />Owners requirements as to Performance and Payment Bonds. When the Successful <br />Bidder delivers the executed Agreement to Owner, it must be accompanied by the <br />required Performance and Payment Bonds. <br />The Performance Bond shall contain a specific provision that delay damages are covered <br />by the Performance Bond. <br />17. SIGNING OF AGREEMENT <br />When Owner gives Notice of Award to the Successful Bidder, it will be accompanied by <br />the required number of unsigned counterparts of the Agreement with all other written <br />Contract Documents attached. Within ten days thereafter, Contractor shall sign and <br />deliver the required number of counterparts of the Agreement and attached documents to <br />Owner with required bonds. Within a reasonable time thereafter, Owner shall deliver one <br />fully signed counterpart to Contractor. Each counterpart is to be accompanied by a <br />complete set of the drawings with appropriate identification. <br />END OF SECTION <br />00100-9 <br />