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Salem Area Mass Transit DistrictlMarion County IFB 00-03 7 TAB Services receiving Bids at the place designated for receipt of Bids. Such notice shall be in writing over the signature of the Bidder or by Telegram, written confirmation over the signature must have been mailed and postmarked on or before the date and time set for receipt of Bids; it shall be so worded as not to reveal the amount of the original Bid. Withdrawn Bids may be resubmitted up to the time designated for the receipt of Bids provided that they are then fully in conformance with the Instructions to Bidders. Bid Security shall be in an amount sufficient for the Bid as modified or resubmitted. CONSIDERATION OF BIDS 2) BID OPENING 2) Bids will be opened at the stated time and place on the Bid Form. 2) QUALIFICATION OF BIDDERS 2) Any Bidder whose Bid is under consideration shall, upon request, promptly furnish satisfactory evidence of his experience, organization and equipment he has available for the performance of his Contract. 2) PERFORMANCE BOND 2) The successful Bidder shall, prior to the execution of the Contract, furnish Bonds covering the faithful performance of the Contract and the payment of all obligations arising thereunder secured through the Bidder's usual sources as may be agreeable to the Parties. The premiums shall be paid by the Bidder. 2) The Bidder shall deliver the required Bonds to the Owner no later than the date of execution of the Contract, or if the work is to commence prior thereto in response to a Letter of Intent, the Bidder shall, prior to commencement of the work, submit evidence satisfactory to the Owner that such Bonds will be furnished. The Bidder shall require the Attorney-In-Fact that executes the required Bonds on behalf of the Surety to affix thereto a certified and current copy of his Power of Attorney. END OF SECTION