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If the Bidder is a partnership: The majority or general partner must sign the bid. The <br /> same person must sign the contract, if awarded. Also include the company name and tax ID <br /> Number. <br /> Bid Bond. A bid bond is required for all jobs. A bid guarantee in an amount not less than five <br /> percent (5%) of the total bid price must be submitted in the form of a firm commitment, such as <br /> a bid bond, bank money order, certified check or cashier's check. Checks or money orders <br /> should be made payable to the Treasurer, State of Colorado. If a bid bond is submitted, the <br /> State form shall be used. An irrevocable letter of credit is not acceptable as a bid guarantee. <br /> Bid guarantees, other than bid bonds, will be returned (a)to unsuccessful bidders as soon as <br /> practicable after the opening of bids, and (b) 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 of <br /> 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 or <br /> reinsurance agreements) as may be required within ten (10) days after receipt of the Notice of <br /> Award, the contract may be terminated for default. In such event the CONTRACTOR shall be <br /> 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 /> 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 number of laborers, including <br /> equipment operators, who will be made available to perform the specified work for the purpose <br /> of completing the Project within the specified completion time must be included on the List. The <br /> CONTRACTOR must own, have a current lease for the equipment intended to be used to <br /> perform the 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 of <br /> Equipment Offered represents a commitment to devote that piece of equipment to the project <br /> work for the entire duration of the project. If several contractors propose to join together to <br /> perform the work under this contract, equipment owned or controlled by each should be listed <br /> and the owner identified. Inclusion of a work crew size on the List of Equipment Offered <br /> represents a commitment to devote a crew of the size specified to the project work for the entire <br /> duration of the project. <br /> A contract 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, or(c) does not have an adequately sized work crew to perform the work <br /> described in the Invitation and 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 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 /> 3 <br />