Each proposal submitted must be accompanied by a certified check or bid bond, made payable to the Roslyn Water District, in an amount not less than five percent (5%) of the total amount of the bid, as a commitment by the bidder that, if its bid is accepted, it will enter into a contract to perform the work and will execute such further security as may be required for the faithful performance of the contract. The attention of Bidders is called to the fact that the project is a labor and materials project and bidders should not include, in their bid, sales and compensating use taxes on the cost of materials which are to be incorporated into the project and which are to be separately sold by the Bidder to the District prior to incorporation into the project. The Bidder whose bid has been accepted will be required to appear at the office of the Attorney for the District with a properly executed Surety Company Bond, insurance coverage, and execute the contract within ten (10) days from the date of the service of a notice, delivered to him in person or mailed to the address given in the bid, that the contract has been awarded to him. In case of failure to execute the bond and the contract within the time stated, the Bidder shall be deemed to have abandoned the contract and the amount of the deposit made by the Bidder will be forfeited to and retained by the District as liquidated damages. The Board will determine the lowest responsible Bidder or Bidders whose bid and check shall have been made and filed in conformity herewith. No bid shall be withdrawn pending the decision of the Board. The Owner reserves the right to reject any or all bids, waive any informalities and to accept such bid which, in the opinion of the Owner, is in the best interests of the Owner.
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