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<br />completion of the Project assigned to or undertaken <br />by Vendor under the Contract Documents, including <br />all labor, materials, equipment and other incidentals, <br />and the furnishing thereof. <br /> <br />Written Notice: The term "Notice" as used herein <br />shall mean and include all written notices, demands, <br />instructions, claims, approvals and disapproval's <br />required to obtain compliance with Contract <br />requirements. Written notice shall be deemed to <br />have been duly served if delivered in person to the <br />individual or to a member of the firm or to an officer <br />of the corporation for whom it is intended, or to an <br />authorized representative or such individual, firm, or <br />corporation, or if delivered at or sent by registered <br />mail to the last business address known to them who <br />gives the notice. Unless otherwise stated in writing, <br />any notice to or demand upon the City under this <br />Contract shall be delivered to the City. <br /> <br />1.33 Bid Award: The City reserves the right to reject any <br />and all Bids at its sole discretion. Bids shall be awarded by the <br />City after the City performs all necessary searches, inquiries, <br />exploration, and analysis of the Bids. The Bid shall be awarded <br />to the lowest responsible and responsive proposer whose Bid <br />best serves the interests of and represents the best value to the <br />City in conformity with the criteria set forth in Section 62-8 of <br />the City Code. No Notice of Award will be given until the City <br />has concluded any investigation(s) as they deem necessary to <br />establish the Proposer's capability to perform the Services as <br />described in this invitation to bid, as substantiated by the <br />required professional experience, client references, technical <br />knowledge and qualifications; and sufficient labor and <br />equipment to comply with the City's established standards, as <br />well as the financial capability of the Proposer to perform the <br />Work in accordance with the Contract Documents to the <br />satisfaction of the City within the time prescribed. The City <br />reserves the right to reject the Bid of any Proposers on the <br />basis of these queries and investigations and who does not <br />meet the City's satisfaction, even though the firm may be the <br />lowest dollars and cents Bid. In analyzing Bids, the City will <br />also take into consideration client references, past work <br />experience and work product, proven ability to satisfactorily <br />perform If the Contract is awarded, the City will issue the <br />Notice of Award and give the successful Proposers a Contract <br />for execution within ninety (90) days after opening of Bids. The <br />City specifically reserves the right to award the contract to a <br />proposer who is not necessarily the lowest dollars and cents <br />proposers on the basis of the results of these queries and <br />investigation(s). <br /> <br />1.34 Execution of Agreement: <br />At least four counterparts of the Agreement the Performance <br />Bond, the Certificates of Insurance and such other Documents <br />as required by the Contract Documents shall be executed and <br />delivered by Vendor to the City within ten (10) calendar days of <br />receipt of the Notice of Award. <br /> <br />1.35 Forfeiture of Bid Security, Performance Bond( If <br />applicable): Within ten (10) calendar days of being notified of <br />the award, Vendor shall furnish an executed agreement and <br />attach a Performance Bond (containing all the provisions of the <br />Performance Bond herein). The Performance Bond shall be in <br />the amount of one hundred percent (100%) of the Contract <br />Price guaranteeing to City the completion and performance of <br />the Work covered in such Contract as well as full payment of all <br />suppliers, material man, laborers, or Sub-Vendors employed <br /> <br />PAGE 8 OF 28 <br />BID No. 11-05-02 <br /> <br />pursuant to this Project. Each Bond shall be with a Surety <br />company meeting the qualifications of this document. Each <br />Bond shall continue in effect for one and one half years after <br />final completion and acceptance of the Work with the liability <br />equal to one hundred percent (100%) of the Contract Sum. <br />The Performance Bond shall be conditioned that Vendor will, <br />upon notification by City, correct any defective or faulty Work or <br />materials which appear within one and one half years after final <br />completion of the Contract. Pursuant to the requirements of <br />Section 255.05(1), Florida Statutes, Vendor shall ensure that <br />the Bond(s) referenced above shall be recorded in the public <br />records of Miami-Dade City and provide City with evidence of <br />such recording. <br /> <br />1.35.1 Each Bond must be executed by a surety company <br />authorized to do business in the State of Florida as a <br />surety, having a resident agent in the State of Florida <br />and having been in business with a record of <br />successful continuous operation for at least five (5) <br />years. <br /> <br />1.35.2 The surety company shall hold a current certificate of <br />authority as acceptable surety on federal bonds in <br />accordance with the United States Department of <br />Treasury Circular 570, current Revisions. <br /> <br />1.35.3 The City will accept a surety bond from a company <br />with a rating B+ or better. <br /> <br />1.35.4 Failure of the successful Proposers to execute and <br />deliver the Agreement and deliver the required bonds <br />and Insurance Certificates shall be cause for the City <br />to annul the Notice of Award and declare the Bid and <br />any security therefore forfeited. <br /> <br />1.36 Vendor's Pre-Start Representation: Vendor <br />represents that they have familiarized themselves with, and <br />assumes full responsibility for having familiarized themselves <br />with the nature and extent of the Contract Documents, Work, <br />locality, and with all local conditions and federal, State and local <br />laws, ordinances, rules and regulations that may in any manner <br />affect performance of the Work, and represents that they have <br />correlated their study and observations with the requirements <br />of the Contract Documents. Vendor also represents that they <br />have studied all surveys and investigations reports of <br />subsurface and latent physical conditions referred to in the <br />specifications and made such additional surveys and <br />investigations as they deem necessary for the performance of <br />the Work in the Contract Documents and that they have <br />correlated the results of all such data with the requirements of <br />the Contract Documents. <br /> <br />1.37 Commencement of Contract Time: <br />The Contract Time will commence to run on the date stated in <br />the Notice to Proceed. <br /> <br />1.38 Starting the Project: Vendor shall start to perform <br />their obligations under the Contract Documents on the <br />date when the Contract Time commences to run. No <br />Work shall be done at the site prior to the date on which <br />the Contract Time commences to run, except with the <br />written consent of the City. <br /> <br />1.39 Before Starting Contract: Before undertaking each <br />part of the Work, Vendor shall carefully study and compare the <br />Contract Documents and check and verify pertinent figures <br />shown thereon and all applicable field measurements. They <br />