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12. OPENING OF BIDS <br />' 12.1 Bids submitted will be opened publicly and read aloud at the time and place <br />stated in the Advertisement for Bids. <br />' 13. GOVERNING LAWS AND REGULATIONS <br />13.1 Bidders shall be familiar with all a \ e <br />federal, state, <br />the oval laws, ordinances, <br />' rules, and regulations that may in <br />Act: The Occupational Safety and Health Administration <br />' 13.2 Trench Safety 29 CFR 1926.650 Subpart P trench safety <br />excavation safety standards, <br />standards will be in effect during the period of construction of the Project. <br />te of lTrench Safety statute Bidder <br />theshall <br />Owneri� <br />In compliance with current Sta <br />n <br />documentation required by the Flora <br />conjunction with the Bid Form. <br />14. LIQUIDATED DAMAGES <br />14.1 The Owner may in financial The Contractor (and his aSurety) complete <br />' by the date set forth in the Agreement. be liable for liquidated damages in accordance with the Supp lementary <br />Conditions and the Agreement. <br />' <br />15. PERFORMANCE BOND AND LABOR AND MATERIAL PAYMENT BOND <br />15.1 With the execution and delivery of the Contract, the Bidder shall furnish the <br />' following Surety bonds of the forms contained herein: <br />a. Performance Bond guaranteeing full and faithful execution of the <br />' Work in an amount equal to 100 percent of the Contract Sum, and <br />including guaranteed repair and maintenance <br />withindefects due to <br />faulty materials and workmanship that appear <br />completion of contract. <br />b. Labor and Material Payment Bond guaranteeing full and proper <br />protection of all claimants supplying labor and materials in the Work in <br />an amount equal to 100 percent of the Contract Sum. <br />15.2 Bonds shall be executed by Surety authorized to do business in the State of epa ' Florida and listed on the latest a U.S. <br />Treasury <br />table sD etiers onnFelder IfBond panies <br />holding certificates of authority P <br />' an Attorney -in -Fact on behalf of the Surety, shall have <br />15.3 Bonds executed by <br />affixed thereto a certified and current copy of Power of Attorney, indicating <br />the monetary limit of such power. <br />15.4 Qualifications: As to companies being rated acceptable: <br />' A Bid Bond and Performance and Payment Bond must be executed by a <br />Surety Company of recognized standing, authorized to do business in the <br />' 00100 -5 03- 4138.A -R <br />09/03 <br />