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' City of Everett 00 2113 - 4 <br /> Diversion Dam Road Phase 3 UT 3707 & UT 3708 <br /> at the discretion of the City, all Bids may be rejected or award made to next lowest and <br /> ' responsive Bidder. At the discretion of the City, Bidders claiming error may or may not <br /> be allowed to participate in the re-bid. <br /> ' 1.9 BID SECURITY <br /> ' A. Bid Security in the amount of at least 5 percent of the Total Bid Amount shall accompany <br /> each Bid. This security may be by certified check, cashier's check, or a bid bond made <br /> payable to the City of Everett. A bid bond shall be on the form provided in the Contract <br /> Documents. A bid bond shall not be conditioned to modify the minimum 5-percent <br /> ' required. The surety shall: (1) be registered with the Washington State Insurance <br /> Commissioner, and (2) appear on the current Authorized Insurance List in the State of <br /> Washington published by the Office of the Insurance Commissioner. <br /> ' B. The failure to furnish a bid security of a minimum of 5 percent shall make the Bid <br /> nonresponsive and shall cause the Bid to be rejected by the City of Everett. <br /> ' C. Bid security shall serve as evidence of good faith and as a guarantee that if awarded the <br /> Contract the Bidder will execute the Contract and provide bonds as required by the Bid. <br /> Should the successful Bidder fail to enter into the Contract, furnish a satisfactory <br /> ' performance and payment bond, and furnish evidence of insurance within 14 calendar <br /> days after the award date, the certified check, cashier's check or bid bond shall be <br /> forfeited as liquidated damages. <br /> 1.10 LIST OF SUBCONTRACTORS <br /> ' A. Bidder shall complete SECTION 004336 - SUBCONTRACTORS FORM and submit it <br /> with the Bid. <br /> ' 1.11 REJECTION OF ANY AND ALL BIDS <br /> A. The City reserves the right to reject any and all Bids. <br /> 1.12 RETURN OF BID SECURITY <br /> ' A. Within 15 calendar days after the Bids are opened, the City will return the bid security <br /> accompanying the Bids that are not to be considered in making the award. All other bid <br /> ' securities will be held until the Contract has been fully executed; after which they will be <br /> returned to the respective Bidders whose Bids they accompanied. <br /> 1.13 AWARD OF CONTRACT <br /> A. Evaluation of Bids <br /> ' 1. Bids will be evaluated by the City to determine which bid is the lowest responsive <br /> bid by a responsible bidder and which bid, if any, should be accepted in the best <br /> 00 2113 - 4 INSTRUCTIONS TO BIDDERS <br /> 1 <br />