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r <br /> ARTICLE 8 - BID SECURITY <br /> r <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 /> r 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 /> 'r 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 /> r 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 /> r 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 /> 'r 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 /> r <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 /> r <br /> 9 .01 The number of calendar days within which , or the dates by which , the Work is to be (a) <br /> r Substantially Completed and (b) also completed and ready for final payment are set forth in the <br /> Agreement. <br /> r 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 /> r 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 /> ENGINEER, application for such acceptance will not be considered by ENGINEER until after the <br /> 0201 -00200 - Instructions to Bidders <br /> r <br /> 00200 - 5 <br /> F:@Nine NragialPmjeds Ol0 312&Indian RberOnve Sid"alk.Soul HgMand OnveSW10201 (Mien River Onve SOUKSidexk - LanlmU OoMM01 -00200 - InswMuns b NOM.doc Rev. 0 <br /> 1 <br />