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Bid Form. Bids shall be submitted on the bid form furnished. Bids must be manually signed in <br /> ink. All bid items must be priced or the bid will be disqualified. In case of error in the extension <br /> of price, the unit price shall govern. If a Bid Schedule is included it must also be returned with <br /> the bid. The quantities listed on which unit prices are requested are estimates only. The prices <br /> indicated on the Bid Schedule and included in the Contract Documents shall include the cost of <br /> all labor and materials, equipment and services, and all other expenses necessary for the <br /> completion of the work. Alternate bids will not be accepted. Bids must be signed as follows: <br /> If the Bidder is a corporation: The bid must be signed by an officer (President or Vice <br /> President), and the title indicated. <br /> If the Bidder is a proprietorship: The Owner must sign the bid and print or type his name, <br /> the business name. <br /> If the Bidder is a partnership: The majority or general partner must sign the bid. The <br /> same person must sign the contract, if awarded. Also include the company name. <br /> Bid Bond. A bid bond is required for all jobs over $50,000.00. A bid guarantee in an amount <br /> not 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 <br /> or 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 <br /> as soon as practicable after the opening of bids, and (b) to the successful bidder upon execution <br /> of 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 <br /> further 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 /> BID OPENING DATE <br /> The bid opening date for this project is Wednesday, October 22, 2014 at 10:00 am. <br /> All bid openings are open to the public and bidders are welcome to attend and record the bid <br /> results. A written tabulation of the Bid results will be available to those bidders who submit an <br /> email address or a clearly-visible, self-addressed, stamped envelope with their bid. Please <br /> allow two weeks for receipt of Bid results. Telephone requests cannot be honored because <br /> of time constraints. <br /> Performance and Payment Bonds —ARE REQUIRED for bids over $50,000.00. <br /> The contractor shall furnish a labor and material payment bond for 100 percent of the original <br /> contract price and a performance bond for 100 percent of the original amount of the contract. <br /> The bonds are required by State Law, Title 24-105,202,203, C.R.S., as amended. The bonds <br /> shall be submitted using the State forms. A certified or cashier's check or bank money order <br /> may be accepted in lieu of the bonds. If a surety other than a bond is used, the State will hold <br /> fifty percent (50%) of the surety until the final settlement date and fifty percent (50%) for six (6) <br /> months after the final settlement date. <br /> 3 <br />