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r <br />' 13. 0 enin of Bids <br />Bids will be opened and read aloud publicly. A tabulation of the Bids will be made <br />available to Bidders after the opening of Bids. <br />~ 14. Bids to Remain Subject to Acceptance <br />All bids will remain subject to acceptance for sixty days after the day of the Bid opening, <br />but Owner may, in its sole discretion, release any Bid prior to that date. <br />~ 15. Award of Contract <br />15.1 Owner reserves the right to reject any and all Bids, to waive any and all informalities not <br />involving price, and to negotiate contract terms with the Successful Bidder, and the right <br />to disregard all nonconforming, non-responsive, unbalanced or conditional Bids. Also, <br />Owner reserves the right to reject the Bid of any Bidder if Owner believes that it would <br />not be in the best interest of the Project to make an award to that Bidder, whether because <br />~ the Bid is not responsive or the Bidder is unqualified or of doubtful financial ability or <br />fails to meet any other pertinent standard or criteria established by Owner. Discrepancies <br />~ in the multiplication of units of Materials and unit prices will be resolved in favor of the <br />unit prices. Discrepancies between the indicated sum of any column of figures and the <br />correct sum thereof will be resolved in favor of the correct sum. <br />~ 15.2 In evaluating Bids, Owner will consider the qualifications of the Bidders, whether or not <br />the Bids comply with the prescribed requirements, and such alternates, unit prices and <br />~ other data, as may be requested in the Bid Form or prior to the Notice of Award. <br />15.3 Owner may consider the operating costs, maintenance requirements, performance data <br />~ and guarantees of items of materials and equipment when such data is required to be <br />submitted prior to the Notice of Award. <br />~ 15.4 Owner may conduct such investigation(s) as Owner deems necessary to assist in the <br />evaluation of any Bid to establish the responsibility, qualifications and financial ability of <br />Bidders, to furnish the Materials in accordance with the Procurement Documents to <br />~ Owner's satisfaction within the prescribed time. <br />15.5 If the contract is to be awarded, it will be awarded to the lowest Bidder whose evaluation <br />~ by Owner indicates to Owner that the award will be in the best interests of the Project. <br />15.6 If the contract is to be awarded, Owner will give the Successful Bidder a Notice of <br />~ Award within sixty days after the day of the Bid opening. <br />16. Contract Security <br />Performance and payment bonds are not required. <br />I <br />5 <br />