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e e e 1 t ,. i,i; IE-8 Proposal Guarantee. Each proposal shall, as a guarantee of good faith on the part of the Bidder, be accompanied by a proposal guarantee consisting of either a certified or cashier's check made payable without condition to the order of the Owner or a bid bond written by any approved corporate surety in favor of the Owner, in an amount stated in the Invitations for Bids. If the proposal of a Bidder is accepted ;ud a contract awarded to him and said Bidder fails to enter into a contract in the form prescribed and to furnish a performance bond with a legally responsible and appro\'ed surety within ten (10) days after such award is made by the Owner, said proposal guaramee shall be forfeited to the Owner as liquidated damages. lB-9 Return of Proposal Guarantee, As soon as bid prices have been compared, Proposal Guarantees of all except the three lowest bidders will be returned. When a contract is awarded and the successful bidder executes the contract and files satisfactory Performance Bond, the Proposal Guarantees of all bidders shall be returned to them within sixty (60) days from date bids are opened unless otherwise specified in the Special Contract Conditions. IE-lO Site Inspection and Investigations, Prio! to submitting an offer, the Bidder shall inspect the work site and its surroundings. It shall be conclusively presumed that the inspection of the site has been made by the submittal of a bid. Dp,wings and Specifications, defining the work to be done, were prepared on the basis of interpretation by design professionals of information derived from investigations of the work site. Such information and data are subject to sampling errors, and the interpretation of the information and data depends, to a degree, on the judgment of the design professional. In view of this, the Bidder is invited to make additional investigations. Information about the degree of difficulty of the work to be done cannot totally be derived from either the drawings and specifications or from the Engineer or his representatives. Since the bid information cannot be guaranteed, the Contractor shall have assumed the risks attendant to successful performance of the work at the amount of its bid and shall never make claim for additional payments or time extensions on the grounds that the nature or amount of work to be donc was not understood by the bidder at the time of bidding. IE-II Inconsistencies and Interpretations. Any seeming inconsistencies between different provisions of the Plans, Specifications, or Contract, or any point requiring explanation must be inquired into by the Bidder in writing, to the WRC Engineering, Inc" 1660 South Albion Street, Suite 500, Denver. Colorado 80222, at least 5 days, excluding Saturdays, Sundays, and holidays, prior to the time set for the opening of the Proposals. If interpretations require that an Addendum to the bid documents be issued, such Addendum will be published and each Bidder shall be required to acknowledge the Addendum by signing and including it with the Proposal Forms when submitting the Bid. Only those interpretations, clarifications and explanations issued in writing by the Engineer, either by Addenda or by a formal written decision, will be binding. Oral or other interpretations, clarifications or explanation will be without legal effect. JB,12 Alternate Equipment or Materials, Bids on alternate equipment or materials proposed by the Bidder must be approved by the Engineer prior to award, IE,l3 Withdrawal of Bid, A bidder may withdraw his Proposal at any time prior to the expiration of the period set forth in the "Invitation for Bids" for the receipt thereof by making written request upon the Mayor for such withdrawal. Such request must be signed in the same manner as the Proposal and by the same person or persons. After the expiration of such period, no ,Proposal can be withdrawn or modified. IE-14 Opening of Proposals. Bidders are invited to be present at the opening of the Proposals. 11-2 (1723 ' 10/93)