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' BID PROPQSAL <br /> H <br /> RETURN WIT BID <br /> ' In submittin this Pro osal it is understood that the ri ht is reserved b the t}wner to <br /> � P � � Y <br /> ' reject any ar all Proposals and waive infarmalities ar irregularities in Propc►sals. The Qwner alsa <br /> reserves the right to delay the award of a contract fc�r a period nc�t tc� exceed 45 days from the <br /> date af the apemng. <br /> ' The undersigned further agrees, if awarded the Contract far the work included in this <br /> Proposal, to begin and to cc�mplete and deliver the wark contemplated in accordance with al� the <br /> , conditions set forth in the Cantract Documents. <br /> The undersigned has carefully checked the figures inserted by them and understands that <br /> ' they �re the Bidder's sole re�p€�n�ibility, �n� the {�vvrter c�ill �at�� r�aponsihle fc�r any errors �r <br /> camissions on the part af the undersigned Bidder in preparing this Praposal. <br /> , The undersigned certifies that this Proposal is genuine, nat collusive, or made in the <br /> interest 4r behalf of any person nat named as provided in the Instruction to Bidders, and that the <br /> undersigned has not, directly, or indirectly, induced or solicited any other Bidder, or induced any <br /> ' other perst�n, firm, c�r ct�rporatian to refrain from submitting a proposal, and the undersigned has <br /> not �n any rnanner sought by c�llu�ion t� �ecure fcr ther���elve� an a�'u�nta�e a�er ar.y other <br /> Bidder. <br /> ' Attached, as a proposal guaranty, is a properly certified check made payable to <br /> "Treasurer, City of Decatur", Decatur, lllinois, in an amount not less than ten (1Q) percent af the <br /> , bid; or a cashier's check made payable ta "Treasurer, City of Decat�zr", Decatur, Illinois, in an <br /> arnount not less than ten (10)percent of the bid; or a bid bond on a form approved by the City of <br /> Decatur, exec�zted by � sur�ty cc�mp�n� sat�af�ct�ry ta the Cit�= in �n ttmc��nt nt�t leaa t��.n ten <br /> ' (10)percent of the bid. <br /> It is expressly understood that the praposa.l guaranty is given as a guarantee that the <br /> , bidder will exec,ute the cc�ntract and furnish acceptable bonds and required insurance, if awarded <br /> the wark and the amount thereof represents the agreed damages that the Owner will sustain i�the <br /> bidder faiis or refuses within ten {14}days from and including the date of the Notice of Award of <br /> , the Contract, to execut� and deliver s�id C�ntract and deliv�r the required bo:�d� and insurance <br /> shall be just cause for the cancellation of the award and the forfeiture of the proposal guaranty <br /> which shall become the property af the City, not as penalty, but in liquidation af damages done. <br /> ' Award may be then made to the next lowest qualified bidder, or the wark re-advertised and <br /> constructed under contract, or otherwise, as the City rnay decide. <br /> ' The Bidder grants the Owner the right to hold the lowest three (3) Proposals received, <br /> ��gether with the acec�mpanying bid secu�it�es, far �, pericsd c�f�5 ��}�� �fter the �'at� €��opening <br /> of said Proposals. <br /> ' <br /> ' <br /> ' <br /> ' 14 <br />