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RETAINAGE <br /> If the bid amount is between $50,000.00 and $149,999.00, 10 percent retainage will be withheld <br /> until the project has been satisfactorily completed and advertised. If the bid amount is <br /> $150,000.00 or over, 5% retainage will be withheld until the project has been satisfactorily <br /> completed and advertised. <br /> List of Equipment Offered. The List of Equipment Offered form must be returned with each <br /> bid. All equipment to be used on the project must be listed. The CONTRACTOR must own, <br /> have a current lease for the equipment intended to be used to perform the work, or must furnish <br /> a statement of arrangements to rent, or otherwise procure, adequate equipment to perform the <br /> work. Inclusion of a piece of equipment on the List of Equipment Offered represents a <br /> commitment to devote that piece of equipment to the project work for the entire duration of the <br /> project. If several contractors propose to join together to perform the work under this contract, <br /> equipment owned or controlled by each should be listed and the owner identified. A contract <br /> will not be awarded to a bidder who in the opinion of the OWNER (a) does not have adequate <br /> equipment, or (b) does not have firm and satisfactory arrangements to obtain adequate <br /> equipment to perform the work described in the Invitation and Bid. <br /> If the List of Equipment Offered is not submitted with the bid, the bid may be considered non- <br /> responsive. <br /> BID AWARD <br /> Award will be made with reasonable promptness, by written notice to the low responsive and <br /> responsible bidder whose bid meets the requirements and criteria set forth in the Invitation for <br /> bid. These criteria will include, but not be limited to the lowest GRAND TOTAL PRICE, <br /> corrected if necessary for errors in price extension and/or addition, on the Bidder's equipment if <br /> a List of Equipment Offered is required with the bid, and capability to meet the performance time <br /> requirements. The GRAND TOTAL PRICE will be used for comparing bids only. <br /> Additive Alternates. The lowest responsible bid, taking into account the Colorado resident <br /> bidder preference, Article 14 of the General Conditions, will be determined by and the contract <br /> will be 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 numerical <br /> order listed. An equal number of alternates shall be added to the base bid of each bidder within <br /> funds available to finance the contract for the purposes of determining the lowest responsible <br /> bidder. If this bid exceeds such amount, the right is reserved to reject all bids. <br /> GENERAL BID SPECIFICATIONS <br /> The Colorado Inactive Mine Reclamation Program General Bid Specifications 2009, which <br /> include General Conditions, Standard Work Specifications, and Standard Drawings and Figures <br /> are intended to complement these Special Conditions. The Special Conditions combined with <br /> the General Bid Specifications 2009 form the complete Invitation and Bid document. Please <br /> refer to the Standard Work Specifications for all applicable types of work required in the Special <br /> Conditions. The General Conditions apply to all work covered in the Special Conditions. <br /> Copies of the General Bid Specifications are available at the Pre-Bid Meeting or from the <br /> Division of Reclamation, Mining and Safety (CDRMS), 1313 Sherman Street, Room 215, <br /> Denver, Colorado 80203 (303) 866-3567. <br /> 4 <br />