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5 . 2 If, after the investigation , the evidence of competency and financial ability is not satisfactory, the County reserves the right to reject the bid . 6. 0 RECEIPT AND OPENING OF BIDS 6 . 1 All bids must be submitted in a sealed envelope , addressed and mailed or delivered as stated in the Invitation to Bid . Any bidder may withdraw his bid either personally or by telegraphic or written communication at any time prior to the scheduled closing time for the bid . 6 . 2 The bidder shall submit his bid on the form furnished along with all information indicated on the form . Bids shall be in the units specified for each item . The bidder shall enter the company name wherever the bid form so indicates . 6 . 3 Bids shall be opened and publicly read at the time and place indicated in the Invitation to Bid . 7. 0 CONSIDERATION OF BIDS AND AWARD OF CONTRACT 7 . 1 The contract will be awarded to the lowest responsible and responsive bidder whose bid, conforming to the specifications and/or instructions to bidder, will be the most advantageous to the County, price and other factors considered . 7 . 2 The OWNER reserves the right to award the contract to other than the low bidder for such reasons as acceptability of specific products or designs , delivery times , warranties, past performance, unacceptable deviations or exceptions taken to these specifications or degree of compliance with any other requirement of these specifications . Further, OWNER shall have the right to consider price, quality, time required for performance and qualifications of the bidder in making the award . 7 . 3 The OWNER reserves the right to waive any and all irregularities and to reject any or all bids in the best interest of the OWNER and award the contract to the responsible bidder whose bid is determined to be in the best interest of the County. 7 .4 If the contract is awarded, the OWNER will accept the bid and award the contract to the successful bidder within sixty (60) days after the opening of the bids , by written notice to the successful bidder. The award of the contract will be made to one CONTRACTOR only for all work to be done . 7 . 5 Failure on the part of the successful bidder to execute a contract within fifteen (15 ) days after the notice of acceptance shall be just cause for annulment of award . The OWNER may then accept the bid of the next best-evaluated bid or re- advertise for bid . 7 . 6 If the bid of the next bidder is accepted, this acceptance shall bind such bidder as though he were the original successful bidder. F :\Public Works\Capital Projects\CR 512 & Oslo- Milling, Resurfacing and Shoulder Paving\Bid Document5 . 18 .04 .doc Page 6 of 58