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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 <br /> ID 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 should <br /> be made payable to the Treasurer, State of Colorado. If a bid bond is submitted, the State form <br /> shall be used. An irrevocable letter of credit is not acceptable as a bid guarantee. Bid guarantees, <br /> other than bid bonds, will be returned (a) to unsuccessful bidders as soon as practicable after the <br /> opening of bids, and (b) to the successful bidder upon execution of such further contractual <br /> documents and bonds (including any necessary coinsurance or reinsurance agreements) as may be <br /> 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 bids <br /> 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 further <br /> contractual documents, and give such bond(s) (including any necessary coinsurance or reinsurance <br /> agreements) as may be required within ten (10) days after receipt of the Notice of Award, the <br /> contract may be terminated for default. In such event the CONTRACTOR shall be liable for any cost <br /> of procuring the work which exceeds the amount of his bid, and the bid guarantee shall be available <br /> toward offsetting such difference. <br /> List of Equipment Offered. The List of Equipment Offered form must be returned with each bid. <br /> All equipment to be used on the project must be listed. The CONTRACTOR must own, have a <br /> current lease for the equipment intended to be used to perform the work, or must furnish a <br /> statement of arrangements to rent, or otherwise procure, adequate equipment to perform the work. <br /> Inclusion of a piece of equipment on the List of Equipment Offered represents a commitment to <br /> devote that piece of equipment to the project work for the entire duration of the project. If several <br /> contractors propose to join together to perform the work under this purchase order contract, <br /> equipment owned or controlled by each should be listed and the owner identified. A purchase order <br /> 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 adequate <br /> 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 and <br /> responsible bidder whose bid meets the requirements and criteria set forth in the Invitation for bid. <br /> These criteria will include, but not be limited to the lowest GRAND TOTAL PRICE, corrected if <br /> necessary for errors in price extension and/or addition, on the Bidder's equipment if a List of <br /> 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 /> 3 <br />