Laserfiche WebLink
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 . 01 . 8 and 5 . 02 of the General Conditions and the Supplementary Conditions <br /> set forth Owner's requirements as to Performance and Payment Bonds . When the <br /> Successful Bidder delivers the executed Agreement to Owner, it must be accompanied <br /> by the required Performance and Payment Bonds . <br /> The Performance Bond shall contain a specific provision that delay damages are <br /> covered 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 <br /> the required number of unsigned counterparts of the Agreement with all other written <br /> Contract Documents attached . Within ten days thereafter, Contractor shall sign and <br /> deliver the required number of counterparts of the Agreement and attached documents <br /> to Owner with required bonds . Within a reasonable time thereafter, Owner shall deliver <br /> one fully signed counterpart to Contractor. Each counterpart is to be accompanied by a <br /> complete set of the drawings with appropriate identification . <br /> END OF SECTION <br /> 00100-8 <br /> F:\Utilities\UTILITY - ENGINEERING\Projects - Utility Construction Permits\IRC - Labor Contract RE-BID for 2005-2008\BID <br /> DOCUMENTS - USE ONLY FOR THIS PROJECTIBID DOCUMENTS\00100 instruction To Bidders .doc <br />