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6. BID SECURITY <br /> 6 . 1 Each Bid must be accompanied by Bid security made payable to Owner in an <br /> amount of five percent of the Bidder's maximum bid price and in the form of a <br /> certified or bank check or a Bid Bond issued by a surety meeting the <br /> requirements of Paragraph 5 . 1 of the General Conditions , <br /> 6 . 2 The Bid security of the Successful Bidder will be retained until such Bidder has <br /> executed the Agreement and furnished the required Contract security, whereupon <br /> the Bid security will be returned . If the Successful Bidder fails to execute and <br /> deliver the Agreement and furnish the required Contract security within fifteen <br /> days after the Notice of Award , Owner may annul the Notice of Award , and the <br /> Bid security of that Bidder will be forfeited . <br /> The Bid security of other Bidders whom Owner believes to have a reasonable <br /> chance of receiving the award may be retained by the Owner until the earlier of <br /> the seventh day after the effective date of the Agreement or the sixty-first day <br /> after the Bid opening , whereupon Bid security furnished by such Bidders will be <br /> returned . Bid security with bids which are not competitive may be returned before <br /> the end of the sixty-day period . <br /> 7 . CONTRACT TIME <br /> The number of days within which , or dates by which , the work is to be substantially <br /> completed and also complete and ready for final payment (the Contract Time ) are set <br /> forth in the Bid Form and the Agreement. <br /> 8 . LIQUIDATED DAMAGES <br /> Provisions for liquidated damages , if any, are set forth in the Agreement. <br /> 9 . SUBSTITUTE OR "OR EQUAL" ITEMS <br /> The Contract , if awarded , will be on the basis of materials and equipment described in <br /> the Drawings or specified in the Specifications without consideration of possible <br /> substitute or "or equal" items . Whenever it is indicated in the Drawings or specified in <br /> ' the Specifications that a substitute or "or equal " item of material or equipment may be <br /> furnished or used by Contractor if acceptable to Engineer, application for such <br /> acceptance will not be considered by Engineer until after the Effective Date of the <br /> Agreement. The procedure for submission of any such application by Contractor and <br /> consideration by Engineer is set forth in Paragraphs 6 . 7 . 1 , 6 . 7 . 2 , and 6 . 7 . 3 of <br /> the <br /> General Conditions and may be supplemented in the General Requirements . <br /> 10 . BID FORM <br /> 10 . 1 The Bid Form is included with the Bidding Documents ; additional copies <br /> may be obtained from Engineer (or the issuing office ) . <br /> 00100 - 4 <br /> F:\Utilities\UTILITY - ENGINEERING\WTP - North RO\N RO Brine Line Discharge - UCP#2208\BID DOCUMENTS North County <br /> RO\BID DOCUMENTS\00100 Instruction To Bidders .doc <br />