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• <br /> 7 ,02 Addenda may be issued to clarify, correct, or change the Bidding Documents as <br /> �. deemed advisable by OWNER or ENGINEER. <br /> • <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 /> wr 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 the <br /> earlier of seven days after the Effective Date of the Agreement or 91 days after the Bid opening , <br /> 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 /> • <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 /> • <br /> • <br /> 00200 - Instructions to Bidders REV 04-07.doc <br /> • <br /> 00200 - 5 <br /> P:1En9ineennglCaPiW Projec 0611-CR 512 Widening19611 CR 512 PKaZE MContract D000meM 00200 - InsW s to Bidders REV 0407.doc Rev. 05/01 <br />