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: . BID PRQPOSAL <br /> RETURN WITH BID� <br /> In submitting this Proposal, it is understaod that the right is reserved by the Owner to <br /> reject any or aII Fraposals and waive informalities or izregularities in Proposals. The Owner also <br /> reserves the right to delay the award of a contract for a period not to exceed 45 days from the <br /> date af the apening. <br /> The undersigned further agrees, if awarded the Contract for the work included in this <br /> Proposal, to begin and to complete and deliver the work contemplated in accordance with all the <br /> canditions set forth in the Contract Documents. <br /> The undersigned has earefully checked the figures znserted by them and understands that <br /> they are the Bidder's sale responsibility, and the Owner will not be responsible for any errors ar <br /> omissions an the part of the undersigned Bidder in preparing this Prapasai. <br /> The undersigned certifies that this Froposal is genuine, nc�t cal]usive, or made in the <br /> interest or behalf of any person not named as provided in the Instrucrion to Bidders, and that the <br /> undersigned has nat, directly, ar indireetly, induced or salicited any other Bidder,or induced any <br /> ather person, firnn, or corporation ta refrain from submitting a proposal, and the undersigned has <br /> nat in any manner sought by collusion ta secure for themselves an advantage over any ather <br /> Bidder. <br /> Attached, as a proposal guaranty, is a properly certified check made payable to <br /> "Treasurer, City af Decatur", Decatur,I1linais, in an amount nat tes�than ten{14}percent c�f the <br /> bid; or a cashier's check made payable to "Treasurer, City of Decatur"', Decatur, Illinois, in an <br /> amounE not less than ten(10)pereent af the bid; or a bid bond on a form approved by the City of <br /> Decatur, executed by a surety company satisfactory to the City in an amount not less than ten <br /> (10}gercent of the bid, <br /> It is expressly understood that the proposat guaranty is given as a guarantee that the <br /> bidder wilt execute the cantract and furnish acceptable bonds and required insurance, if awarded <br /> the work and the amaunt thereof repre�ents the agreed damages that the 4wner will sustain if the <br /> bidder fails ar refuses within ten(10�days from and inciuding the date af the Notice of Award of <br /> the Concract, to execute and deliver said Concract and deliver the required bonds and insurance <br /> shall be just cause for the cancellation of the award and the forfeiture of the propasal guaranty <br /> which shall become the property of the City, not as penalty, but in liquidation of damages done. <br /> Award may be then made to the next lowest qualified bidder, or the work re-advertised and <br /> constructed under contract,or atherwise,as the City may decide. <br /> The Bidder grants the Owner the right to hold the lowest three (3) Proposals received, <br /> together with the accompanying bid securities, for a period af 45 days after the date of opening <br /> of said Proposals. <br /> 14 <br />