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PORT OP E�iL-REI�T SF.CTIO\ 0p100 <br /> 1?'�� STKL[l� �::�R[\:a —�'OLLJAIE ! : AIARI`:F \1'ORI� I:�iSTF�l�CT10\5 TO BIDUEkS <br /> 3.8 Sinelc 13id Rccci��ed <br /> If the PORT receives a single responsive, responsible Bid, die PORT shall have the rieht, <br /> in its sole discretion; to conduct a price or cost analysis on such Bid. The Bidder shall <br /> prompt]y provide all cost or pricing data, documentation and explanation requested by the <br /> PORT to assist in suci� analysis. By conductin� such annlysis, the PORT shall not be <br /> obligated to accept the single Bid; thc PORT resen�es tl�e rigl�t to reject such Bid or any <br /> portion th�reof. <br /> =.9 Rights of the Port <br /> The PORT reserv�s the riglit to �cccpt dic Bid ol�dic lu�cest responsive, responsible <br /> Bidder, an "Akernative Bid"based upon plans and spccifications prepared by the Bidder. <br /> to reject any or all Bids, republisl� the Advertisement for Bids, revise or cancel the Work <br /> to be performed, or to do the Work othern i �e, if in die jud�nent of the PORT, !he bcst <br /> interests of die POR1 is served thereby. <br /> ARTICLE 4 AWARD OF CONTRACT <br /> 4.1 NoticeofAward <br /> .A. The acceptance of a Bid will be evidenced by a written Notice of Award deliverzd <br /> to the Bidder �vhose Bid is accepted. The PORT resen•es the rieht to request <br /> extensiuns of die Bid acceptmtce period. <br /> B. �"ithin ten days after issuance of the Notice of A�vard, the A4eement form set <br /> forth in Section 00�00 sltall be esecuted and retumed, together with the <br /> performance and payment bonds, the ceitificates of insurance with endorsements <br /> as mquired by the Contract Documents, and any otlier documents requested by the <br /> PORT. <br /> C. The Bidder shall not convnence physical modification of the Work site until the <br /> PORT has issued its Notice of A���ard, Notice to Proceed, and the PORT has <br /> receivcd the executed A�reement foml and 'oonds and certificates of insurance <br /> meeting tl�e requirements of the Cuntract Documents. <br /> 4.2 Performance and PayTnent Bonds <br /> .-�.. The Bidder awarded tl�is Contract shall tumish performance and pa}�rnent bonds <br /> on forms acceptable to the PORT in the amount of 100% of the total Contract <br /> Sum as security for the faithful performance and completion of the Work. Such <br /> bonds shall be exewted and sealed by a duly]icensed surety reeistered with the � <br /> Washineto�� State Insurance Commissioner meeting the requirements of <br /> Parn�aphs �.1 and �.3 uf the General Conditions <br /> 00100-10 <br />