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6 . Bid Securi <br /> 6 . 1 . Bid Securityshall be <br /> made payable to OWNER, in the amount specified in the <br /> Bid Form and in the form of a certified check or cashier's check of any national or <br /> state bank or a Bid Bond (on the form attached) 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 <br /> has executed the Agreement and furnished the required Contract Security, where- <br /> upon it will be returned. If the successful BIDDER fails to execute and deliver the <br /> Agreement and furnish the required Contract Security within 15 days of the <br /> Notice of Award, OWNER may annul the Notice of Award and the Bid Security <br /> of that BIDDER will be forfeited. The Bid Security of any BIDDER whom <br /> OWNER believes to have a reasonable chance of receiving the award may be <br /> retained by OWNER until the earlier of the seventh day after the " effective date of <br /> the Agreement" (which term is defined in the General Conditions) and the <br /> required Contract Security is furnished, or the sixty-first day after the Bid <br /> opening. Bid Security of other BIDDERS will be returned within seven days of <br /> the Bid opening. <br /> 7 . Contract Time <br /> The number of days within which, or the date by which, the Work is to be completed (the <br /> Contract Time) is set forth in the Bid Form and will be included in the Agreement. <br /> 8 . Li uidated Damages <br /> Provisions for liquidated damages, if any, are set forth in the Agreement . <br /> 9 . Substitute Material and Equipment <br /> The Contract, if awarded, will be on the basis of material and equipment described in the <br /> Drawings or specified in the Specifications without consideration of possible substitute or "or- <br /> equal" items . Whenever it is indicated in the Drawings or specified in the Specifications that a <br /> substitute or "or-equal " item of material or equipment may be furnished or used by Contractor if <br /> acceptable to ENGINEER, application for such acceptance will not be considered by <br /> ENGINEER until after the " effective date of the Agreement " . The procedure for submittal of any <br /> such application by Contractor and consideration by ENGINEER is set forth in Paragraph 6 . 1 of <br /> the General Conditions . <br /> 10 . Subcontractors, etc . <br /> 10 . 1 . The BIDDER must submit with the bid a list of the names and addresses of the <br /> BIDDER ' S major subcontractors together with the services they will supply. <br /> INSTRUCTION TO BIDDERS <br /> I13 - 5 <br />