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All bid openings are open to the public and bidders are welcome to attend and record the bid <br />results. A writl:en tabulation of the Bid results will be available to those bidders who submit <br />a clearly-visible, self-addressed, stamped envelope with their bid. Please allow two weeks for <br />receipt of Bid results. Telephone requests cannot be honored because of time constraints. <br />BID SUBMITTAL <br />Sealed bids in :single copy for the work described herein will be received until the date and <br />time specified above at the Colorado Division of Minerals and Geology, 1313 Sherman Street, <br />Suite 215, Denver, Colorado 80203, and at that time publicly opened. <br />Bids shall be submitted on the bid form furnished. Bids must be manually signed in ink. All <br />bid items must be priced or the bid will be disqualified. In case of error in the extension of <br />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 <br />prices indicated on the Bid Schedule and included in the Contract Documents shall include the <br />cost of all labor and materials, equipment and services, and all other expenses necessary for <br />the completion of the work. Alternate bids will not be accepted. <br />This is a sealed bid. Telegraphic or electronic (FAX, Western Union, Telex, etc.) bids will NOT <br />be accepted directly in the offices of the Division of Minerals and Geology in response to this <br />bid. <br />BID BOND <br />A bid bond is required for all jobs. A bid guarantee in an amount not less than five percent <br />(5°~) of the total bid price must be submitted in the form of a firm commitment, such as a bid <br />bond, bank money order, certified check or cashier's check. Checks or money orders should <br />be made payable to the Treasurer, State of Colorado. If a bid bond is submitted, the State <br />form shall be used. An irrevocable letter of credit is not acceptable as a bid guarantee. Bid <br />guarantees, other than bid bonds, will be returned (a) to unsuccessful bidders as soon as <br />practicable after the opening of bids, and (bl to the successful bidder upon execution of such <br />further contractual documents and bonds (including any necessary coinsurance or reinsurance <br />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 <br />of 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 <br />or reinsurance agreements) as may be required within ten (10) days after receipt of the Notice <br />of Award, the contract may be terminated for default. In such event the CONTRACTOR shall <br />be 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 />