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Failure to Perform. If the successful bidder, upon acceptance of his bid by the OWNER, fails <br /> to execute such further contractual documents, and give such bond(s) (including any necessary <br /> coinsurance or reinsurance agreements) as may be required within ten (10) days after receipt <br /> of the Notice of Award, the contract may be terminated for default. In such event the <br /> CONTRACTOR shall be liable for any cost of procuring the work which exceeds the amount of <br /> his bid, and the bid guarantee shall be available toward offsetting such difference. <br /> Conditions Affecting the Work. In addition to examining the drawings and specifications, <br /> completion schedule, and other instructions, bidders shall visit the site and take such other steps <br /> as may be reasonably necessary to ascertain the nature and location of the work, including <br /> average climatic conditions and the general and local conditions which can affect the work or <br /> the cost thereof. Failure to do so will not relieve bidders from responsibility for estimating properly <br /> the difficulty or cost of successfully 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 thoroughly <br /> identified and supported and acceptable alternatives must be proposed. Failure to do so shall <br /> be deemed a waiver of any rights to subsequently raise exception and/or request modification, <br /> except as outlined or specified in this solicitation. Submission of exceptions does not guarantee <br /> their acceptance, however, and such submittal will be taken into consideration during proposal <br /> review and scoring by the evaluation team. The state reserves the right to reject any changes <br /> suggested to PO or Contact terms and conditions and award to the next most advantageous <br /> qualified responsive vendor. <br /> BID OPENING DATE <br /> The Bid for this project will be opened on Wednesday, September 13t", 2023. <br /> A written tabulation of the Documented Quote results will be available to those bidders who <br /> submit a legible email address with their bid. <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 Documented <br /> Quote. 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 /> The lowest responsible bid, taking into account the Colorado resident bidder preference, Article <br /> 14 of the General Conditions, will be determined by and the contract will be awarded on the base <br /> bid plus all additive alternates, to the extent that the addition of alternates results in a sum total <br /> within available funds to finance the contract. Additive alternates will be used in determining the <br /> lowest responsible bidder, adding in the numerical order listed. An equal number of alternates <br /> Page 4 of 16 <br /> 7/23/23 <br />