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6 4.05 The submission of a Bid will constitute an incontrovertible representation by the Bidder that he has complied with every requirement of this Part 4 and that the Contract Documents are sufficient in scope and detail to indicate and convey understanding of all terms and conditions for performance of the Work. PART 5 - INTERPRETATIONS 5.01 All questions regarding the meaning or intent of the Contract Documents are to be submitted in writing to the Project Manager. Any inquiry received seven or more days prior to the date fixed for the opening of Bids will be given consideration. Only questions answered by formal written Addenda will be binding. Oral and other interpretations or clarifications will be without legal effect. Addenda will be mailed or delivered to all parties recorded by the City as having received the Contract Documents. No Addenda will be issued later than five (5) days prior to the date of the bid receipt except Addenda, when necessary, that would postpone the date for receipt of the Bids or withdraw the Request for Bids. It shall be each Bidder's responsibility to make inquiry as to the addenda that have been issued. All such addenda shall become part of the contract, and all Bidders shall be bound by such addenda, whether or not received by the Bidder. PART 6 - BASIS OF BIDS The basis of bids is the total quantity times the unit bid price as given in the proposal. PART 7 - BID SECURITY 7.01 Each Bid must be accompanied by Bid Security in the amount of 5t of the maximum price bid. Bid Security may be in the form of a certified or cashier's check payable to the City, negotiable United States Government Bonds (at par value), or in the form of Bid Bond included with the Contract Documents. 7.02 If the successful Bidder fails to execute and deliver the Contract, furnish the required Performance Bond and