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<br />M <br /> <br />. <br /> <br />.., <br />. <br /> <br />10. BID SECURITY <br /> <br />r'1 <br />. <br /> <br />.., <br />. <br /> <br />r"l <br />. <br /> <br />,., <br />. <br /> <br />.., <br />. <br /> <br />.., <br /> <br />. <br /> <br />,., <br /> <br />. <br /> <br />n <br />. <br /> <br />11 . <br /> <br />.., <br />. <br /> <br />r, <br />. <br /> <br />12. <br /> <br />.., <br /> <br />. <br /> <br />n <br /> <br />. <br /> <br />13. <br /> <br />.., <br /> <br />. <br /> <br />.., <br /> <br />. <br /> <br />.., <br /> <br />. <br /> <br />,.., <br /> <br />. <br /> <br />09109 <br /> <br />..., <br /> <br />. <br /> <br />10.1 Each Bid shall be accompanied by a cashiers check drawn on any State or <br />National Bank in Florida, or an acceptable Bidders Bond, payable <br />unconditionally to the Owner, in an amount of five percent (5%) of the <br />amount of the total Bid. <br /> <br />10.2 Failure of the successful Bidder to enter into the Contract in accordance with <br />his Bid, or failure to furnish the required bonds will be just cause for an <br />annulment of the award with the amount of the bid security being forfeited <br />to the Owner as liquidated damages, not as a penalty. <br /> <br />10.3 Should a Bid Bond be used, acceptable surety companies shall be determined <br />from the latest United States Treasury Department's list of companies <br />holding certificates of authority as acceptable Sureties on Federal Bonds. <br />Requirements for Acceptable Surety Companies are outlined in Item 15.4. <br /> <br />10.4 The Owner may retain the bid security of those Bidders to whom an award <br />may be considered until successful execution of the Contract and bonds; or <br />the specified time for holding bids has elapsed; or all Bids have been <br />rejected. <br /> <br />MODIFICATION AND WITHDRAWAL OF BID <br /> <br />11.1 Prior to the time of bid opening, a Bidder may withdraw his Bid at any time, <br />but may not resubmit it. Bids may not be modified after submittal, except at <br />the written request of the Owner or with the Owner's written consent. <br /> <br />11.2 After the bid opening, no Bid may be withdrawn, canceled or modified. <br /> <br />OPENING OF BIDS <br /> <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 /> <br />GOVERNING LAWS AND REGULATIONS <br /> <br />13.1 Bidders shall be familiar with all federal, state, and local laws, ordinances, <br />rules, and regulations that may in any way affect the Work. <br /> <br />13.2 Trench Safety Act: The Occupational Safety and Health Administration <br />excavation safety standards, 29 CFR 1926.650 Subpart P trench safety <br />standards will be in effect during the period of construction of the Project. In <br />compliance with current State of Florida statutes, the Bidder shall provide <br />documentation required by the Florida Trench Safety statute to the Owner, in <br />conjunction with the Bid Form. <br /> <br />00100-5 <br /> <br />03-4122.F <br />