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the CONTRACTOR shall be liable for any cost of procuring the work which exceeds the <br />amount of his bid, and the bid guarantee shall be available toward offsetting such <br />difference. <br />List of Equipment Offered. The List of Equipment Offered form must be returned with <br />each bid. All equipment to be used on the project must be listed. The CONTRACTOR <br />must own, have a current lease for the equipment intended to be used to perform the <br />work, or must furnish a statement of arrangements to rent, or otherwise procure, <br />adequate equipment to perform the work. Inclusion of a piece of equipment on the List <br />of Equipment Offered represents a commitment to devote that piece of equipment to the <br />project work for the entire duration of the project. If several contractors propose to join <br />together to perform the work under this purchase order contract, equipment owned or <br />controlled by each should be listed and the owner identified. A purchase order contract <br />will not be awarded to a bidder who in the opinion of the OWNER (a) does not have <br />adequate equipment, or (b) does not have firm and satisfactory arrangements to obtain <br />adequate equipment to perform the work described in the Invitation and Bid. <br />BID AWARD <br />Award will be made with reasonable promptness, by written notice to the low responsive <br />and responsible bidder whose bid meets the requirements and criteria set forth in the <br />Invitation for bid. These criteria will include, but not be limited to the lowest GRAND <br />TOTAL PRICE, corrected if necessary for errors in price extension and/or addition, on <br />the Bidder's equipment if a List of Equipment Offered is required with the bid, and <br />capability to meet the performance time requirements. The GRAND TOTAL PRICE will <br />be used for comparing bids only. If this bid exceeds such amount, the right is reserved <br />to reject all bids. <br />GENERAL BID SPECIFICATIONS <br />The Colorado Inactive Mine Reclamation Program General Bid Specifications 1996, <br />which include General Conditions, Standard Work Specifications, and Standard <br />Drawings and Figures are intended to complement these Special Conditions. The <br />Special Conditions combined with the General Bid Specifications 1996 form the <br />complete Invitation and Bid document. Please refer to the Standard Work Specifications <br />for all applicable types of work required in the Special Conditions. The General <br />Conditions apply to all work covered in the Special Conditions. Copies of the General <br />Bid Specifications are available at the Pre-Bid Meeting or from the Division of Minerals <br />and Geology (DMG), 1313 Sherman Street, Room 215, Denver, Colorado 80203 <br />(303) 866-3567. <br />PROJECT DATES <br />The project is scheduled for construction between October 10, 2000 and October 27, <br />2000. This includes mobilization and demobilization time. <br />TIME OF COMPLETION <br />The time of completion allowed for the project is eighteen (18) calendar days after <br />receipt of the Notice to Proceed. This includes mobilization and demobilization time. <br />LIQUIDATED DAMAGES <br />The liquidated damages for this project will be $400.00 per day. Please see General <br />Conditions, Articles 34, 35 and 40. <br />3