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<br />incidentals, and the furnishing thereof.
<br />
<br />Written Notice: The tenn "Notice" as used herein shall mean and include all written notices, demands, instructions,
<br />claims, approvals and disapproval's required to obtain compliance with Contract requirements, Written notice shall be
<br />deemed to have been duly served if delivered in person to the individual or to a member of the finn or to an officer of
<br />the corporation for whom it is intended, or to an authorized representative or such individual, finn, or corporation, or
<br />if delivered at or sent by registered mail to the last business address known to them who gives the notice. Unless
<br />otherwise stated in writing, any notice to or demand upon the CITY under this Contract shall be delivered to the CITY
<br />through the CONSULTANT,
<br />
<br />ARTICLE 2 - PRELIMINARY MA TTERS
<br />
<br />A ward:
<br />
<br />2, I The CITY reserves the right to reject any and all Bids at its sole discretion, Bids shall be awarded by the
<br />CITY to the lowest responsive and responsible BIDDER, No Notice of Award will be given until the CITY has
<br />concluded such investigations as they deem necessary to establish the responsibility, qualifications and financial
<br />ability of the BIDDER to the Work in accordance with the Contract Documents to the satisfaction of the CITY
<br />within the time prescribed The CITY reserves the right to reject the Bid of any BIDDER who does not pass such
<br />investigation to the CITY'S satisfaction, In analyzing Bids, the CITY may also take into consideration alternate
<br />and unit prices, if requested by the Bid fonns, Ifthe Contract is awarded, the CITY will issue the Notice of A ward
<br />and give the successful BIDDER a Contract for execution within ninety (90) days after opening of Bids,
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<br />Execution of Agreement:
<br />
<br />2,2 At least four counterparts of the Agreement, the Perfonnance and Payment Bond, the Certificates of
<br />Insurance and such other Documents as required by the Contract Documents shall be executed and delivered by
<br />CONTRACTOR to the CITY within ten (10) calendar days of receipt of the Notice of Award,
<br />
<br />Forfeiture of Bid SecurityfPerfonnance and Payment Bond:
<br />
<br />2,3, Within ten (10) calendar days of being notified of the Award, CONTRACTOR shall furnish a Perfonnance
<br />Bond and a Payment Bond containing all the provisions of the Perfonnance Bond and Payment Bond attached,
<br />
<br />2,3,1 Each Bond shall be in the amount of one hundred percent (100%) of the Contract Price guaranteeing
<br />to CITY the completion and perfonnance of the Work covered in such Contract as well as full payment
<br />of all suppliers, material man, laborers, or Subcontractors employed pursuant to this Project. Each Bond
<br />shall be with a Surety company meeting the qualifications of Sections 2.3.4,2.3,5 and 2.3,6,
<br />
<br />2,3,2 Pursuant to the requirements of Section 255,05(1), Florida Statutes, CONTRACTOR shall ensure
<br />that the Bond(s) referenced above shall be recorded in the public records of Dade County and Provide
<br />CITY with evidence of such recording,
<br />
<br />2,3,3 Each Bond must be executed by a surety company authorized to do business in the State of Florida
<br />as a surety, having a resident agent in the State of Florida and having been in business with a record of
<br />successful continuous operation for at least five (5) years,
<br />
<br />2,3.4 The surety company shall hold a current certificate of authority as acceptable surety on federal
<br />bonds in accordance with the United States Department of Treaslll)' Circular 570, current Revisions,
<br />
<br />2,3,5 The CITY will accept a surety bond from a company with a rating B+ or better.
<br />
<br />2,3,6 failure of the successful BIDDER to execute and deliver the Agreement and deliver the required
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