Bids shall be accompanied by a bid bond in an amount equal to five percent (5%) of the Bid to insure the execution of the contract for which the bid is made. In case the Bid is not accepted, the bid bond will be returned to the Bidder, but if the Bid is accepted and the Bidder shall refuse or neglect to enter into a contract with the Owner within ten (10) days after the time s/he has been notified of the acceptance of its Bid, the said bid bond shall be forfeited to the Owner as liquidated damages for the failure to do so. Each Bid must be enclosed in a sealed envelope bearing the title of the Project, the name and address of Bidder and the Division of work. The bonds will be in the amount of 100% of the Contract Price and must be in full force and effect throughout the term of the Construction Contract plus a period of twelve (12) months from the date of substantial completion. A conditional or qualified Bid will not be accepted. Award will be made to the low, responsive, and responsible Bidder as determined in the sole discretion of the Owner. Bids shall be properly and completely executed on proposal forms included in the Specifications. Bids shall include all information requested by Indiana Form 96 (latest revision) included with the Specifications. Under Section III of Form 96, the Bidder shall submit a financial statement The Owner may make such investigations as deemed necessary to determine the ability of the Bidder to perform the work and the Bidder shall furnish the Owner all such information and data for this purpose as the Owner may request. The Owner reserves the right to reject any bid if the evidence submitted by, or investigation of, such Bidder, fails to satisfy the Owner that such Bidder is properly qualified to carry out the obligations of the Agreement and to complete the work contemplated therein. No Bidder may withdraw his bid for a period of sixty (60) days after closing time scheduled for the receipt of bids. The Bidding Documents do provide for a liquidated damages clause to insure timely completion of the Project. GRW Engineers, Inc. Project Administrator, Vee Carter, can be contacted at (317) 347- 3650 or vcarter@grwinc.com for questions about ordering Bidding Documents. GRW Engineers, Inc. Project Manager, Darren Wells, P.E., BCEE, can be contacted at (317) 347-3650 or dwells@grwinc.com for technical questions about this Project.
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