R2013-68 ACCEPTING THE BID AND AUTHORIZING THE EXECUTION OF A CONTRACT

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6.04 The Contractor to whom the contract may be awarded will be required to execute the Agreement, a Performance Bond, and a Payment Bond with sureties acceptable to the Owner within 15 calendar days, unless otherwise provided for by law. The form of said Agreement and Bonds is included herein. In case of the Contractor's failure or neglect execute said Agreement and procure said Bonds, the Contractor will be considered as having abandoned his bid, and the bid bond shall thereupon be forfeited to the Owner and collected as provided by law, and the work will be awarded to the next lowest responsive, responsible bidder or re-advertised as determined by the Owner. 6.05 No bid will be considered unless the Contractor furnishes evidence satisfactory to the Owner that he has the necessary facilities, ability and pecuniary resources to fulfill the conditions of the contract. The low bidder or any other bidder may be required to submit financial statements. 6.06 All bids must be made for materials furnished in the work complete. No proposal will be made or considered on any part of the work not complete in place, nor on materials ' except in completed work, unless specifically otherwise provided for in the detailed specifications. 6.07 The Bidder's attention is directed to the contract requirement that the work for each Division shall be commenced within ten (10) calendar days following written notice to the Contractor to proceed. Beginning on the date of the Notice to Proceed, each Division of work shall be completed according to the following schedule: A. Division A: within 270 calendar days of the Notice to Proceed. B. Division B: within 270 calendar days of the Notice to Proceed. C. Division C: within 270 calendar days of the Notice to Proceed. The completion schedule shall be as noted above even if a single Contractor is awarded multiple Divisions of work. 6.08 Permission will not be given for the withdrawal of any bid or proposal for a period of ninety (90) calendar days after the opening thereof, excepting that any Contractor may withdraw his bid personally or by telegraphic or written request at any time prior to the closing time for the receipt of bids. ' 7. ITEMIZED BIDS 7.01 Each bid or proposal shall be itemized in its component parts as set out on the Contractor's Proposal to be submitted at the date of receiving bids. 8. BIDDER'S DUTIES 8.01 Contractors submitting bids will examine the plans and specifications for the work, rand also the ground, and judge for themselves of all the circumstances affecting the cost and nature of the work. They must also examine the maps, plans, profiles, details and CITY 2012-06 /BGM 12-043 INST-3