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City of Everett 00 4113 - 3 <br /> 2022 Tulalip Water Pipeline Mortar Repair UT 3774 <br /> C. If this Bid is accepted within the indicated time, and we fail to commence mmence the Work <br /> or we fail to provide the required bonds, the Bid security shall be forfeited as <br /> damages to the Owner by reason of our failure, limited in amount to the lesser of <br /> the face value of the Bid security or the difference between this Bid and the Bid <br /> upon which Contract is signed. <br /> D. In the event our Bid is not accepted within the time stated above, the required Bid <br /> security will be returned to the undersigned, according to the provisions of the <br /> Instructions to Bidders, unless a mutually satisfactory arrangement is made for <br /> its retention and validity for an extended period of time. <br /> 1.4 CONTRACT TIME <br /> A. If this Bid is accepted, we will: <br /> 1. Begin work immediately after receiving Owner's letter of Notice to Proceed <br /> and to reach Substantial Completion within the dates required under the <br /> Contract Documents. <br /> 2. Agree to pay liquidated damages to the City as stated in the Contract in the <br /> event the project is not completed on or before required time periods. <br /> 3. Contract with the Owner using the Contract form provided herewith, on the <br /> terms and conditions contained herein, to do everything necessary to <br /> complete the construction of the project in the allotted time. <br /> 1.5 ADDENDA <br /> I <br /> ' A. Following Addenda have been received, and the modifications to the Bid <br /> Documents noted below have been considered and all costs are included in the <br /> Bid. <br /> Addendum No , dated <br /> Addendum No ., dated <br /> Addendum No ., dated <br /> Addendum No , dated <br /> 1.6 BIDDER CERTIFICATIONS <br /> A. Bidder, at the time of submitting this Bid and throughout the period of the contract, <br /> will remain licensed by the state of Washington to perform the type of work <br /> required under the Contract Documents. <br /> ' B. Bidder is skilled and regularly engaged in the general class and type of work <br /> required by the Contract Documents and has the capability to successfully <br /> manage construction projects. <br /> 00 4113 - 3 BID FORM <br />