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City of Everett 00 2113 - 4 <br /> 2022 Tulalip Water Pipeline Mortar Repair UT 3774 <br /> relieved of responsibility, and the bid security of the Bidder will be returned. <br /> Thereafter, at the discretion of the City, all Bids may be rejected or award made <br /> to next lowest and responsive Bidder. At the discretion of the City, Bidders I <br /> claiming error may or may not 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 shall accompany <br /> each Bid. This security may be by certified check, cashier's check, or a bid bond <br /> made payable to the City of Everett. A bid bond shall be on the form provided in <br /> the Contract Documents. A bid bond shall not be conditioned to modify the <br /> minimum 5-percent required. The surety shall: (1) be registered with the <br /> Washington State Insurance Commissioner, and (2) appear on the current <br /> Authorized Insurance List in the State of Washington published by the Office of <br /> 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 <br /> awarded the Contract the Bidder will execute the Contract and provide bonds as <br /> required by the Bid. Should the successful Bidder fail to enter into the Contract, <br /> furnish a satisfactory performance and payment bond, and furnish evidence of <br /> insurance within 14 calendar days after the award date, the certified check, <br /> cashier's check or bid bond shall be forfeited as liquidated damages. <br /> 1.10 LIST OF SUBCONTRACTORS <br /> I <br /> A. Bidder shall complete SECTION 00 4336 — PROPOSED SUBCONTRACTORS , <br /> FORM and submit it 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 <br /> security accompanying the Bids that are not to be considered in making the <br /> award. All other bid securities will be held until the Contract has been fully <br /> executed; after which they will be returned to the respective Bidders whose Bids <br /> they accompanied. , <br /> 00 2113 - 4 INSTRUCTIONS 'TO BIDDERS <br />