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The uildersigned bidder agrees to coinmence wol-k within ten (10) days after the date af <br />writteci notice to caminence work. 'I'he work will be substantially comp(eted in ni-ie <br />hundred fifty (150) calendar days subject to the extensions oE tiiiie as are provided by <br />the General Conditions of the Conh•act. <br />Owner and Contractor recogtuze that time is of the essence and [hat Owner wilt suffer <br />financial loss if the work contemplated in this Project is itot completed within the tiiiie <br />specified plus any extensiotzs aliowed in change orders granted pursuant to NZe Generll <br />Canditions. Owner and Contraclor recognize the delays, expenses and difficu(ties <br />i»voived ii1 proviilg the actual ]ass suffered by Owner if the work ta be coznpleteci izi <br />the Project is i-iot cottipleEed on time. Accoi-dingty, instead of requiring any suclz proof, <br />Owner and Contractor agree that as liquidated damages for delay (but nofi as apea-talty), <br />Caiitractor sllal] pay Owi1er Two f3undred Fifty Dollars ($250.00) per calendar day for <br />each day that expzres after the tiiiie specificd lierein for completion of the work. <br />Enclosed with this praposal is a cashier's ot• certificd check for <br />- <br />or a bid boiid in Ehe sum of~~~"7`~~/ ~~`rl7 <br />Dollars, which it is a greed shall be collected and retaitied b y flie Owner as li quidated <br />datnages in the event tllis pi-oposal is accepted by the Owt1er within l-hirty (30) days <br />afeer the date advertised for the receptioii of bids and tlie undei•signed fails to executc <br />t11e contract and thc i-eqtiirecl bonci with the Ownei-, iindei- the coilditions hereof, withiai <br />fifteen (15) aays aftei• tlze said proposal is accepted, otlzei-wise, said clleck ar bond shall <br />be returned to the undersigiied upan cfernand. <br />The undersigned hereby declares that he has visited the site and has carefully examined <br />the contract docunients relative to tlie work covered by Ehe above bid. <br />Izespectfully submitled, <br />BICjdC'1": <br />Slgiled: <br />Title: <br />Address: ~10 `~~._C V~'..IAk <br />_1 A ~ u'Q, i ~ .•f71 <br />SEaI - if bidder is a coz•poz•atio►i <br />Section.ll_I - 4 <br />