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<br />11 <br /> <br />16.03 The Bid of any Bidder that is in arrears to the City <br />upon debt of contract or that is a defaulter, as surety or <br />otherwise, upon any obligation to the City may be rejected. <br /> <br />16.04 If the Contract is to be awarded, it will be awarded <br />to the lowest Bidder whose evaluation by the City indicates <br />to the City that the award will be in the best interests of <br />the City. <br /> <br />16.05 If the Contract is to be awarded, the City will give <br />the successful Bidder a Notice of Award within the time <br />specified on page one of these Instructions. <br /> <br />16.06 The successful Bidder shall furnish the City with a <br />proposed schedule of construction and estimated monthly <br />payments within ten (10) days after receipt of the Notice <br />of Award. <br /> <br />PART 17 - PERFORMANCE AND PAYMENT BONDS <br /> <br />17.01 The Contract Documents set forth Owner's requirements <br />as to Performance Bonds and Payment Bonds. When the <br />successful Bidder delivers the executed Contract to the City, <br />it shall be accompanied by the required Performance Bond and <br />Payment Bond. Accompanying the Bond Forms shall be a Power <br />of Attorney authorizing the attorney in fact to bind the <br />surety company and certified to include the date of the Bond. <br /> <br />PART 18 - SIGNING OF CONTRACT <br /> <br />18.01 When the City gives a Notice of Award to the <br />successful Bidder, it will be accompanied by unsigned <br />counterparts of the Contract and all other Contract <br />Documents. A successful Bidder shall execute the Contract <br />and deliver it, together with evidence of insurance and the <br />Performance Bond and Payment Bond, to the City within (10) <br />calendar days from the date of the Notice of Award. Failure <br />to do so will be adequate and just cause for the annulment or <br />cancellation of the awards, and in such case the Bid Security <br />shall be forfeited to the City. <br /> <br />PART 19 - SALES AND USE TAXES <br /> <br />19.01 <br />City. <br /> <br />This Project is being undertaken directly by the <br />Therefore, pursuant to Colorado Law <br /> <br />no use tax shall be due on construction <br />materials used in this Project. These materials may be <br />subject to sales and use taxes imposed by other taxing <br />authorities. <br /> <br />19.02 Within ten (0) days from the date of the Notice <br />of Award, the successful Bidder shall deliver to the City <br />three copies of the completed and executed Application for <br />Exemption Certificate with the approval of the State <br />Department of Revenue affixed. Th~se certificates will serve <br />