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City of Everett 00 2113 - 4 <br /> Evergreen Branch Library Expansion 2017-008 <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 I <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. I <br /> 1.12 RETURN OF BID SECURITY I <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 /> interest of the City. The City, in its sole discretion, reserves the right to accept or <br /> reject any and all bids submitted and to waive informalities and minor irregularities. 111 <br /> a. LOWEST: The City will award the Project to the responsive and responsible <br /> bidder whose Bid is the lowest. In accordance with RCW 39.04.380, if a bid <br /> is received from a nonresident contractor from a state that provides an in- <br /> state percentage bidding preference and does not have an office located in <br /> 00 2113 - 4 INSTRUCTIONS TO BIDDERS <br /> I <br />