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01/19/2007 15:22 <br />BID SECURITY <br />9549211496 <br />CGA <br />PAGE 06 <br />Accompanying this Bid is a certified or cashier's check or a bid bond in the amount of 5 of the bid or <br />$5,000.00, whichever is less made payable to the Owner which may be forfeited as liquidated damages if, <br />in the event this proposal is accepted, the undersigned fails to execute the Agreement and furnish and pay <br />for the required performance and payment bonds for the Owner within 10 days after acceptance of the <br />Bid, otherwise said certified or cashier's check or bid bond will be returned to the undersigned. <br />The undersigned Bidder agrees to commence work within 10 days after the date of written Notice to <br />Proceed, and further agrees to substantially complete the work within 90 consecutive calendar days <br />after the date of written Notice to Proceed, subject to such extensions of time allowed by the Conditions <br />of the Contract. <br />The undersigned Bidder also agrees to complete the entire work within 120 days after the Contract <br />time commences to run. <br />The undersigned Bidder agrees that this Bid shall be good and may not be withdrawn for a period of 60 <br />days after the scheduled closing time for receiving bids. <br />Tbc undersigned agrees to forfeit to the Owner, as liquidated damages for each calendar day elapsing <br />between the date established as the date of substantial completion and the actual date of such substantial <br />completion of the contract work, the amount of $500.00 per calendar day. <br />The undersigned further agrees to 'forfeit to the Owner, as liquidated damages for each calendar day <br />elapsing between the date established as the date of final completion and the actual date of final <br />completion of the contract work, the amount of $500.00 per calendar day_ <br />December 2006 00300 -4 <br />06 -5723 <br />