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A written tabulation of the Documented Quote(DQ)results will be available to those bidders who <br /> submit an email address or a clearly-visible, self-addressed, stamped envelope with their bid. <br /> Please allow two weeks for receipt of DQ results. Telephone requests cannot be honored <br /> because of time constraints. <br /> PROJECT DATES <br /> The project is scheduled for construction between August 1, 2018 and September 30, 2021. This <br /> includes ten (10) days mobilization time. These dates are tentative and may change. <br /> TIME OF COMPLETION <br /> The time of completion allowed for the project is 30 calendar days after receipt of the Notice to <br /> Proceed for Year 1 (Tasks 1-5), and the end of contract will be September 30,2021 for subsequent <br /> years (Tasks 6 and 7). This includes ten (10) days mobilization time. <br /> BID BOND <br /> Bid Bond. A bid bond is required for all jobs over$50,000.00. A bid guarantee in an amount not <br /> less than five percent(5%) of the total bid price must be submitted in the form of a firm <br /> commitment, such as a bid bond, bank money order, certified check or cashier's check. Checks or <br /> money orders should be made payable to the Treasurer, State of Colorado. If a bid bond is <br /> submitted,the State form shall be used.An irrevocable letter of credit is not acceptable as a bid <br /> guarantee. Bid guarantees, other than bid bonds,will be returned (a)to unsuccessful bidders as <br /> soon as practicable after the opening of bids, and (b)to the successful bidder upon execution of <br /> such further contractual documents and bonds (including any necessary coinsurance or <br /> reinsurance agreements) as may be required by the bid as accepted. <br /> Failure to furnish a bid guarantee in the proper form and amount by the time set for opening of <br /> bids may be cause for rejection of the bid. <br /> If the successful bidder, upon acceptance of his bid by the OWNER, fails to execute such further <br /> contractual documents, and give such bond(s) (including any necessary coinsurance or <br /> reinsurance agreements) as may be required within ten (10) days after receipt of the Notice of <br /> Award, the contract may be terminated for default. In such event the CONTRACTOR shall be <br /> liable for any cost of procuring the work which exceeds the amount of his bid, and the bid <br /> guarantee shall be available toward offsetting such difference. <br /> PERFORMANCE AND PAYMENT BONDS <br /> A Performance and Payment bond is required if the amount bid is $50,000.00 or greater. The <br /> Contractor shall furnish a labor and material payment bond for 100 percent of the original contract <br /> price and a performance bond for 100 percent of the original amount of the contract. The bonds <br /> are required by State Law, Title 24-105, 202-203, C.R.S., as amended. The bonds shall be <br /> submitted using the State forms. A certified or cashier's check or bank money order may be <br /> accepted in lieu of the bonds. If a surety other than a bond is used,the State will hold fifty percent <br /> Page 3 of 15 <br />