CR Number: 2100155 Each bid must be accompanied by a certified check or a bid bond, on forms provided herein, in the sum of not less than 5% of the amount of the bid, made payable to the Incorporated Village of Garden City, as security. Such certified checks or bid bonds will be returned to all except the three lowest bidders within three days after the opening of bids, and the remaining certified checks or bid bonds will be returned to the three lowest bidders after the execution of the contract, or if no contract has been so executed within forty-five (45) days after the opening of the bids, upon demand at any time thereafter so long as the bidder demanding same has not been notified of the acceptance of his bid. If any bidder shall fail or refuse to execute and deliver the bonds and insurance required within thirty (30) days after he has received notice of the acceptance of his bid, his certified check or bid bond shall be paid to and collected by the Village as liquidated damages for his default. The Village reserves the right to reject any or all bids and to waive any informality therein. The Village will not award a contract to any bidder who cannot prove to the satisfaction of the Board of Trustees of the Village that he has had sufficient experience in this type of construction and is financially able and organized to successfully carry out the work covered by the Plans and Specifications in the required time. The successful bidder will be required to execute the contract documents and to furnish insurance and bonds as stipulated in the contract before any work may be performed. The Village shall not be bound by the terms of the contract and shall not be liable for payment on account of any work performed either under the contract or in quantum meruit until the contract documents have been executed and the necessary insurance and bonds have been applied. Service-Disabled Veteran-Owned Set Aside: No Contract term: 1 Year Any bidders and non-bidders, other than the successful bidder, returning all copies of the Plans and Specifications in good condition within thirty (30) days following the award of the contract or the rejection of his bid shall be refunded the full amount of such deposit for one copy of the Plans and Specifications. A full refund shall be made to the successful bidder for one copy of Plans and Specifications. Partial reimbursement, in an amount equal to the full amount of such deposit for one set of Plans and Specifications less the actual cost of reproduction of the Plans and Specifications, shall be made for the return of all other copies of the Plans and Specifications in good condition within thirty (30) days following the award of the contract or the rejection of the bids covered by such Plans and Specifications
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