Laserfiche WebLink
9.2 Deposit Bids at the designated location on or before the time and date for <br /> receipt of Bids indicated in the Advertisement for Bids. Bids received after <br /> the time and date indicated for receipt of Bids will be returned unopened. <br /> 10. BID SECURITY <br /> 10.1 Each Bid shall be accompanied by a cashiers check drawn on any State <br /> or 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 /> 10.2 Failure of the successful Bidder to enter into the Contract in accordance <br /> with his Bid, or failure to furnish the required bonds will be just cause for <br /> an annulment of the award with the amount of the bid security being <br /> forfeited to the Owner as liquidated damages, not as a penalty. <br /> 10.3 Should a Bid Bond be used, acceptable surety companies shall be <br /> determined from the latest United States Treasury Department's list of <br /> companies holding certificates of authority as acceptable Sureties on <br /> Federal Bonds. Requirements for Acceptable Surety Companies are <br /> outlined in Item 15.4. <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; <br /> or the specified time for holding bids has elapsed; or all Bids have been <br /> rejected. <br /> 11. MODIFICATION AND WITHDRAWAL OF BID <br /> 11.1 Prior to the time of bid opening, a Bidder may withdraw his Bid at any <br /> time, but may not resubmit it. Bids may not be modified after submittal. <br /> 11.2 After the bid opening, no Bid may be withdrawn, canceled or modified for <br /> a period of 90 days after the time and date designated for the receipt of <br /> bids. <br /> 12. OPENING OF BIDS <br /> 12.1 Bids submitted will be opened publicly and read aloud at the time and <br /> place stated in the Advertisement for Bids. <br /> 13. GOVERNING LAWS AND REGULATIONS <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 /> 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. <br /> 08/12 00100-5 11-4179 <br />