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2006-018A.
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2006-018A.
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M <br />ARTICLE 8 - BID SECURITY <br />8.01 A Bid must be accompanied by Bid security made payable to OWNER in the amount <br />specified in the Bid Form and in the form of a certified or bank check or a Bid Bond [on the form <br />attached except as provided otherwise by Laws or Regulations]. All Bonds shall be executed by <br />such sureties as are named in the current list of "Companies Holding Certificates of Authority as <br />. Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies" as published in <br />Circular 570 (amended) by the Financial Management Service, Surety Bond Branch, U.S. <br />Department of the Treasury. The Surety must be authorized to issue surety bonds in Florida. <br />The Bidder shall require the attorney-in-fact who executes any Bond, to affix to each a current <br />certified copy of their Power of Attorney, reflecting such person's authority as Power of Attorney <br />in the State of Florida. Further, at the time of execution of the Contract, the Successful Bidder <br />, shall for all Bonds, provide a copy of the Surety's current valid Certificate of Authority issued by <br />the United States Department of the Treasury under 31 United States Code sections 9304- <br />9308. The Surety shall also meet the requirements of paragraphs 5.01 and 5.02 of the General <br />Conditions. <br />8.02 The Bid security of the Successful Bidder will be retained until such Bidder has <br />executed the Contract Documents, furnished the required contract security and met the other <br />conditions of the Notice of Award, whereupon the Bid security will be returned. If the Successful <br />Bidder fails to execute and deliver the Contract Documents and furnish the required contract <br />security within 15 days after the Notice of Award, OWNER may annul the Notice of Award and the <br />Bid security of that Bidder will be forfeited. The Bid security of other Bidders whom OWNER <br />believes to have a reasonable chance of receiving the award may be retained by OWNER until <br />the earlier of seven days after the Effective Date of the Agreement or 61 days after the Bid <br />opening, whereupon Bid security furnished by such Bidders will be returned. <br />8.03 Bid security of other Bidders whom OWNER believes do not have a reasonable <br />chance of receiving the award will be returned within seven days after the Bid opening. <br />ARTICLE 9 - CONTRACT TIMES <br />9.01 The number of calendar days within which, or the dates by which, the Work is to be (a) <br />Substantially Completed and (b) also completed and ready for final payment are set forth in the <br />Agreement. <br />ARTICLE 10 - LIQUIDATED DAMAGES <br />10.01 Provisions for liquidated damages, if any, are set forth in the Agreement. <br />ARTICLE 11 - SUBSTITUTE AND "OR -EQUAL" ITEMS <br />11.01 The Contract, if awarded, will be on the basis of materials and equipment specified or <br />described in the Bidding Documents without consideration of possible substitute or "or -equal" <br />items. Whenever it is specified or described in the Bidding Documents that a substitute or "or- <br />equal" item of material or equipment may be furnished or used by CONTRACTOR if acceptable to <br />00200 - Instructions to Bidders <br />00200-7 <br />°' FAPublic Works\Capital Projects\Oslo Road Lateral J\BID DOCUMENTS\00200 - Instructions to Bidders.doc Rev. 05/01 <br />
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