2004-199-RES REJECTING ALL BIDS FOR THE RECONSTRUCTION AND CONVERSION OF THE UARCO BUILDING

Home Browse Search

4. Lack of competency as revealed by the financial statement, experience and equipment, Questionnaire, or qualification statement; 5. Uncompleted work which in the judgment of Owner will prevent or hinder the prompt completion of additional work if awarded. 1.9 PREPARATION OF PROPOSAL A. Proposer shall submit herlhis proposal on the Proposal Form furnished as part of the proposal documents. All blank spaces in all forms shall be correctly filled in and the Proposer shall state the prices, written in words and in figures. Where there is a discrepancy between the price written in words and the price written in figures, the price written in words shall govern. If the proposal is submitted by an individual that person's name must be signed by that person or by that person's duly authorized agent. If the proposal is submitted by a firm, association or partnership, the name and address of each member must be given, and the proposal must be signed by an official or duly authorized agent. Powers of Attorney which authorize agents or others to sign proposals must be properly certified and must be in writing and submitted with the proposal. 1.10 PROPOSAL SECURITY A. Each proposal must be accompanied by proposal security made payable to Owner in an amount of five percent (5%) of the Proposer's maximum proposal price; and same shall be in the form of a cashier's check or a Proposal Bond, duly executed by Proposer as principal and having as surety thereon a corporate surety authorized and admitted to do business in the state of Texas and licensed to issue such bond, as a guarantee that the Proposer will enter into a contract and execute the required Performance and Payment Bonds within five (5) days of Owner's award of contract. B. The Proposal Security of the Contractor will be retained until such Proposer has executed the Construction Agreement and furnished the required bonds, whereupon the proposal security will be returned. If the Contractor fails to execute and deliver the Construction Agreement and furnish the required bonds within five (5) days of Owner's award of contract, Owner may annul the award of contract. In that event, the proposal security of that Proposer will be become the property of Owner as liquidated damages. Owner reserves the right to award the Construction Agreement to the next-ranking Proposer based on Owner's evaluations of the proposal as Owner deems to it be in the best interest of Owner. The proposal security of the other proposers whom Owner believes to have a reasonable chance of receiving the award may be retained by Owner until the earlier of the seventh (7th) day after the effective date of the Construction Agreement or the ninety- fifth (95th) day after the proposal opening, whereupon the proposal security furnished by such proposers will be returned. C. Owner has the right to retain the proposal security of all Proposers until either: 1. the Construction Agreement has been executed and the bonds have been furnished, or 2. the specified time has elapsed so that proposals may be withdrawn, or 3. all proposals have been rejected. 1.li PERFORMANCE BOND & LABOR & MATERIAL PAYMENT BOND A. The Contractor shall post with Owner, within five (5) days of Owner's award of contract, a Performance Bond in the amount of one hundred percent (100%) of the total contract price in such form as is deemed satisfactory by Owner. This bond shall be executed by a corporate surety company -7-