Refuse Removal for Cumberland County Pennsylvania Government Buildings BID BOND: Bids shall be accompanied by cash, certified check, cashier's check, bank good faith check or other irrevocable letter of credit in the amount of ten (10) percent of the bid drawn upon a bank authorized to do business in the Commonwealth of Pennsylvania, or by a bond with corporate surety in the amount of ten (10) percent of the bid. The bid security of the successful bidder will be retained until such bidder has executed the Agreement, furnished the required contract security (if required), and met the other conditions of the Notice of Award, whereupon the bid security will be returned. In the event the successful bidder fails to execute and deliver the Agreement and to furnish the required contract security (if required) within the number of days set forth in the bid specifications, the County may annul the Notice of Award and the bid security of the bidder will be forfeited. The bid security of the other bidders whom the County believes to have a reasonable chance of receiving the award may be retained by the County until the earlier of 14 days after the effective date of the Agreement or the day after the last day the bids remain subject to acceptance as set forth in the bid specifications, whereupon the bid security furnished by such bidders will be returned. Bid security of bidders who the County believes do not have a reasonable chance of receiving the award will be returned within 14 days after the bid opening. RESERVATIONS: The County reserves the right to reject any and all bids, to waive any technical defects and accept or reject any part of any bid, if in the judgment of the Board of Commissioners the best interest of the County will be served.
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