General Requirements and Covenants (2)

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• • FIFTY THOUSAND DOLLARS ($50;00.00). In case alternate bids are required, the amount of the surety bond, cash, cashiers check or certified check shall be based on 'the highest alternate bid submitted. The successful bidder's check or Bid Bond will be retained until he has entered into a satisfactory contract and has furnished the required contract Performance Bond. Failure to furnish a satisfactory Contract Performance Bond within the specified time may be determined to be abandonment of the contract by the bidder and forfeiture of the Certified Check or Bid Bond as Liquidated Damages to the County. The County further reserves the right to hold the Certified Checks or Bid. Bond of the three lowest bidders, until the successful bidder has entered into a contract and has furnished the required Performance Bond. 2. DFI%VER,OF PROPOSALS - The entire proposal shall be placed together with the proposal guaranty, in a sealed envelope not smaller than 4-3/4" x 11"t, so marked as to indicate the identity of the project, the project number, the date of the bid opening and the name and address of the bidder and then delivered as indicated in the Notice to Contractors. Proposals will be received up to the time fixed in the public notice for the opening of bids and must by that time be in the hands of the officials indicated. .10 WITHDRAWAL OF PiaDPOSALS - Any bid may be withdrawn at any time prior to, but not after, the time fixed in the public notice for the opening of bids, provided that a request in writing, executed by the bidder or his duly authorized representative, for the withdrawal of such bid is filed with the Engineer. The withdrawal of a bid shall not prejudice the right of a bidder to file a new bid. Whether or not bids are opened exactly at the time fixed in the public notice for opening bids, a bid will not be received after that time, nor may any bid be withdrawn after the time fixed in the public notice for the opening of bids, unless contract award is delayed for a period of over sixty (60) days. 2.1,x_ PCU LIC OPENING OF PROFOSALO, - Proposals will be opened and read publicly at the time and place indicated in the Notice to Contractors. Bidders or their authorized agents are invited to be present. 24.2 • DEPOSIT AND REFUND FOR PLANS AND SPECIFICATIONS - All, plans and specifi- cations may be obtained from the office of the Chief Engineer, County Building, 25 Aupuni Street, Hilo, Hawaii 96720 upon a deposit of the specified amount as stipulated in the Notice to Contractors. Minimum deposit shall be $25.00. The deposit shall be refunded upon the return of the complete plans and specifications, provided that they are returned within thirty (30) consecutive calendar days after the date designated for the opening of bids. No refund shall be made after the expiration of this period. The plans and specifications are the property of the County of Hawaii on loan to the bidder until bids are due. Bidders, should they decide not to submit bid, are requested to return the plans and specifications when such decision is made. The deposit shall not be construed to be the purchase price of any part of these documents. Section 2 Page 9