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Failure to Perform. If the successful bidder, upon acceptance of his bid by the <br /> OWNER, fails to execute such further contractual documents, and give such bond(s) <br /> (including any necessary coinsurance or reinsurance agreements) as may be required <br /> within ten (10) days after receipt of the Notice of Award, the agreement may be <br /> terminated for default. In such event the CONTRACTOR shall be liable for any cost of <br /> procuring the work which exceeds the amount of his bid, and the bid guarantee shall be <br /> available toward offsetting such difference. <br /> Conditions Affecting the Work. In addition to examining the drawings and <br /> specifications, completion schedule, and other instructions, bidders shall visit the site <br /> and take such other steps as may be reasonably necessary to ascertain the nature and <br /> location of the work, including average climatic conditions and the general and local <br /> conditions which can affect the work or the cost thereof. Failure to do so will not relieve <br /> bidders from responsibility for estimating properly the difficulty or cost of successfully <br /> performing the work. <br /> State Terms and Conditions. A submission in response to the solicitation acknowledges <br /> acceptance by the proposer of all unaltered terms and conditions, as set forth herein. Any <br /> proposed exception taken to the State's Terms and Conditions must be clearly and <br /> thoroughly identified and supported and acceptable alternatives must be proposed. <br /> Failure to do so shall be deemed a waiver of any rights to subsequently raise exception <br /> and/or request modification, except as outlined or specified in this solicitation. Submission <br /> of exceptions does not guarantee their acceptance, however, and such submittal will be <br /> taken into consideration during proposal review and scoring by the evaluation team. The <br /> state reserves the right to reject any changes suggested to PO or Contact terms and <br /> conditions and award to the next most advantageous qualified responsive vendor. <br /> BID AWARD <br /> Award will be made with reasonable promptness, by written notice to the low responsive <br /> and responsible bidder whose bid meets the requirements and criteria set forth in the <br /> Invitation for bid. These criteria will include, but not be limited to the lowest GRAND <br /> TOTAL PRICE, corrected if necessary for errors in price extension and/or addition, on the <br /> Bidder's equipment if a List of Equipment Offered is required with the bid, and capability <br /> to meet the performance time requirements. The GRAND TOTAL PRICE will be used for <br /> comparing bids only. <br /> The lowest responsible bid, taking into account the Colorado resident bidder preference, <br /> Article 14 of the General Conditions, will be determined by and the contract will be <br /> awarded on the base bid plus all additive alternates, to the extent that the addition of <br /> alternates results in a sum total within available funds to finance the contract. Additive <br /> alternates will be used in determining the lowest responsible bidder, adding in the <br /> numerical order listed. An equal number of alternates shall be added to the base bid of <br /> each bidder within funds available to finance the contract for the purposes of <br /> determining the lowest responsible bidder. If this bid exceeds such amount, the right is <br /> reserved to reject all bids. <br /> Page 2 of 9 <br />