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PORT OF EVERET7 SL-CTION 00700 <br /> ��rt�STftEET hI.1RINA—�'OLUi�IE 1:T4ARINE WORK GEidERAL CONUITIONS <br /> rU2T1CLF.2 Pl2�LI�lIN.ARP DIATTERS <br /> 2.1 Acceptance of I'ruposal (\otice of Atirard) <br /> The PORT will takc action within forty-fiee(45)calendar days of il�e Bid opening date. The acceptance of _ . <br /> a bid proposal will be a riotice in uriting,Notice of A�ti�ard,siened by a july authorized representative of <br /> thc PORT xnd no other act of the PORT or its represeetatives will consiitute an acceptance of a bid. The <br /> acceptance of a bid shall bind the successCul Bidder to execute the Aereemen:and 6e zespensiS!e tor <br /> liq�iidaied�amagcs as provided in the Supplemental Cunditions. <br /> 21 Esecution of A�reement(Cnntract) <br /> :._'.1 IIy CONTR4CTOR: "fhe Bidder�rhose proposal is accepted shall execute the A_reement and <br /> C�mish thc required'oonding within ten(10)calendar days aher presentatiou of the Notice o.` <br /> a�curd and the Agreement fur sienature. "I�he A�reement shall be deemed to be executed by the <br /> successful f3idder whcn at least dtree(3)copies of the A�reement,simed by an authorized oRice: <br /> o:the corporation or aomoany,t6c bonding and in;urance required therein.and any uQ�er required <br /> documents are received by the PORT. Pailurc�r neglect[o execute the Agteemer,t«�ithin the time <br /> specified may constitute a breaci�oCthe Aereement eFfecied by[he acceptance of the proposal. <br /> The damages to the PORT for such a breach shall include loss from intedaeecc•xith the general <br /> public�corks proeram of ihe PORT and other items��hose acc�irate amount woald be difficul!or <br /> impossible to compute. The amount of the hid cuarant�e of the successful bidder,who fail� or <br /> neelects to execute tlie Agreement aCter proper notification of the Acceptance of the bid,shall be <br /> retained by the PORT as liquidated damages for such breach. <br /> 2.2.' 33y FORT: Upon receipt oCat least three(3)copies siened by the CONTRACTOR, u�e properly <br /> authonzcd PORT representatiees�vill execute tl�e documents n•ithin tcn�]0)calendnr days. A <br /> Notice to Proceed will be issucd within ten(10) caleadar days of complete ezecution of d�e <br /> Contract uuless o[henvise specificd. The ENGPIL-ER or au�iorized represeutative and their <br /> address shall be dcsiertated in the Notice ro Proczed. <br /> �23 Agreemevt L-xecution Completed: The Agreemen[shall oe deecned w 6e completely execeted � <br /> when at least[ivee (3)copics thereof,accontpanicd by the required bonds, liability and other <br /> necessary iasuiance and s�gned by tlie CONTRACTOR,are executed b; die PORT. <br /> 23 Cupics of llocuments <br /> The YORT shall Firnish to CGN'I Rr1CTOR one�l)set ef Convact dra��ings and one(I) copy(unless <br /> otlicnvise specuied)of�he Contract Decurc.ar.ts as are reasonably necessar} for the execution of tl�e�Vurk. <br /> Addition¢1 copie;ro:Itr,extent desired c}�;y��be thz rPsponsiUility of lhe CONTI?4CTOR. ' " <br /> 2.�J �t�rting dte Project (No[ice tu Proceed) <br /> The CONTI;.ACTOR shall s]',o���^vidc;�ce tlmt�rork has conunenePd on the project within seven(i) days <br /> from thc effective uate uf:i�e Notice tu Proceed. Nork in this case is not limited to ph}sical work at the <br /> project site. \Vork st�uted prior u�[he eifective date stated in the Notice to Proceed shall be at the <br /> CONTR4CTOR's risk. � <br /> OG700- ]4 <br />