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9828 00123-5 <br />F. Where two or mo~e Bids for designated portions of the work have been requested, <br />the Bidder may, without forfeiture of the bid security, state the Bidder's refusal to <br />accept awarcl of less than the combination of Bids stipulated by the Bidder. The <br />Bidder shall make no additional stipulations on the bid form nor qualify the Bid in <br />any other manner. <br />G. Each copy of the Bid shall include the legal name of the Bidder and a statement <br />that the Bidder is a sole proprietor, partnership, corporation or other legal entity. <br />Each copy shall be signed by the person or persons legally authorized to bind the <br />Bidder to a contract. A Bid by a corporation shall further give the state of <br />incorporation and have the corporate seal affixed. A Bid submitted by an agent <br />shall have a cuRent power of attomey attached certifying the agenYs authority to <br />bind the Bidder. <br />3.2 BID SECURITY: <br />A. If so stipulated in the Advertisement or Invitation to Bid, or supplementary <br />instn~ctions to bidders, each Bid shall be accompanied by a bid security in the form <br />and amount required, pledging that the Bidder will enter into a Contract with the <br />Owner on the terrns stated in the Bid and will, if required, fumish bonds covering <br />the faithful pertormance of the Contract and payment of all obligations arising <br />thereunder. Should the Bidder refuse to enter into such Contract or fail to fumish <br />such bonds if required, the amount of the bid security shall be forteited to the <br />Owner as liquidated damages, not as a penalty. The amount of the bid security <br />shall not be forfeited to the Owner in the event the Owner fails to comply with <br />Subparagraph 5.1. <br />B. The Bid Bond shall be satisfactory to the Owner and executed by a bonding <br />company licensed to do business in the State of Oregon. The attomey-in-fact who <br />executes the bond on behalf of the surety shall affix to the bond a certified and <br />current copy of the power of the attomey. <br />C. The Owner will have the right to retain the bid security of Bidders to whom an award <br />is being considered until either. <br />1. the Contract has been executed and bonds, if required, have been <br />fumished, or <br />2. the specified time has elapsed so that Bids may be withdrawn, or <br />3. all Bids have been rejected. <br />3.3 SUBMISSION OF BIDS: <br />A. All copies of the Bid, the bid security, if any, and other documents required to be <br />~ submitted with the Bid shall be enclosed in a sealed manilla envelope. The <br />envelope shall be addressed to the party receiving the Bids and shall be identified <br />with the Project name, the Bidder's name and address and, if applicable, the <br />designated portion of the woiic for which the Bid is submitted. If the Bid is sent by <br />~ mail, the sealed envelopes shall be enclosed in a separate mailing envetope with <br />the notation "SEALED BID ENCLOSED" on the face thereof. <br />' B. Bids shatl be deposited at the designated location prior to the time and date for <br />receipt of Bids. Bids received after the time and date for receipt of Bids will be <br />retumed unopened. <br />~ C. The Bidder shall assume full responsibility for timely delivery at the location <br />designated for receipt of Bids. <br />Ll <br />