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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 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. W hen 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 the <br />required number of unsigned counterparts of the Agreement with all other written Contract <br />Documents attached. Within ten (10) days thereafter, Contractor shall sign and deliver the <br />required number of counterparts of the Agreement and attached documents to Owner with <br />required bonds. Within a reasonable time thereafter, Owner shall deliver one fully signed <br />counterpart to Contractor. Each counterpart is to be accompanied by a complete set of the <br />drawings with appropriate identification. <br />END OF SECTION <br />00100-9 <br />