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April 2, 1992 <br />All bid openings are open to the public and bidders are welcome <br />to attend and record the bid results. A written tabulation of <br />the Bid results will be available to those bidders who submit a <br />clearly-visible, self-addressed, stamped envelope with their bid. <br />Please allow two weeks for receipt of Bid results. Telephone <br />requests cannot be honored because of time constraints. <br />3. CONDITIOtIS AFFECTING THE WORK <br />In addition to examining the drawings and specifications, <br />completion schedule, and other instructions, bidders shall visit <br />the site and take such other steps as may be reasonably necessary <br />to ascertain the nature and location of the work, including <br />average climatic conditions and the general and local conditions <br />which can affect the work or the cost thereof. Failure to do so <br />will not relieve bidders from responsibility for estimating <br />properly the difficulty or cost of successfully performing the <br />work. <br />4. BID BOND <br />A bid bond is required for all jobs. A bid guarantee in an <br />amount not less than 5 percent of the total bid price must be <br />submitted in the form of a firm commitment, such as a bid bond, <br />bank money order, certified check or cashier's check. Checks or <br />money orders should be made payable to the Treasurer, State of <br />Colorado. If a bid bond is submitted, the State form shall be <br />used. An irrevocable letter of credit is not acceptable as a bid <br />guarantee. Bid guarantees, other than bid bonds, will be <br />returned (a) to unsuccessful bidders as soon as practicable after <br />the opening of bids, and (b) to the successful bidder upon <br />execution of such further contractual documents and bonds <br />(including any necessary coinsurance or reinsurance agreements) <br />as may be required by the bid as accepted. <br />Failure to furnish a bid guarantee in the proper form and amount <br />by the time set for opening of bids may be cause for rejection of <br />the bid. <br />MLRD-3 <br />