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9828 <br />00123-6 <br />3.4 <br />D. Oral, telephonic, facsimile or telegraphic Bids are invalid and will not receive <br />consideration. <br />MODIFICATION OR WITHDRAWAL OF BID: <br />A. A Bid may not be modified, withdrawn or canceled by the Bidder during the <br />stipulated time period following the time and date designated for the receipt of Bids, <br />and each Bidder so agrees in submitting a Bid. <br />B. Prior to the time and date designated for receipt of Bids, a Bid submitted may be <br />modified or withdrawn by notice to the party receiving Bids at the place designated <br />for receipt of Bids. Such notice shall be in writing over the signature of the Bidder <br />or by telegram; if by telegram, written confiRnation over the signature of the Bidder <br />shall be mailed and postmariced on or before the date and time set for receipt of <br />Bids. A change shall be so worded as not to reveal the amount of the original Bid. <br />C. Withdrawn Bids may be resubmitted up to the date and time designated for the <br />receipt of Bids provided that they are then fully in conformance with these <br />Instn~ctions to Bidders. <br />D. Bid sec:urity, if required, shall be in an amount sufficient for the Bid as modified or <br />resubmitted. <br />4 CONSIDERATION OF BIDS <br />4.1 OPENING OF BIDS: <br />A. Unless stated othervvise in the Advertisement or Invitation to Bid, the properly <br />iderrtfied Bids received on time will be opened publicly and will be read aloud. An <br />abstrad of the Bids will be made available to bidders. When it has been stated that <br />Bids will be opened priyately, an abstract of the same information may, at the <br />disc~etion of the Owner, be made available to the Bidders within a reasonable time. <br />4.2 REJECTION OF BIDS: <br />A. The Owner shall have the right to reject any or all Bids, reject a Bid not <br />accompanied by a requi~ed bid security or by other data required by the Bidding <br />Documents, or rejed a Bid which is in any way incomplete or irregular. <br />4.3 ACCEPTANCE OF BID (AWARD): <br />A. It is the intent of the Owner to award a Contract to the lowest responsible Bidder <br />provided the Bid has been submitted in accordance with the requirements of the <br />Bidding Documents and does not exceed the funds available. The Owner shall <br />have the right to waive informalities or iRegularities in a Bid received and to accept <br />the Bid which, in the Owners judgment, is in the Owner's own best interests. <br />B. The Owner shall have the right to accept Altemates in any onder or combination, <br />unless otherwise specifically provided in the Bidding Documents, and to determine <br />the low Bidder on the basis of the sum of the Base Bid and Altemates accepted. <br />C. Within ten (10) days after receiving the Owners written notification of acceptance <br />of the Bid, the successful Bidder shall execute an Agreement on the form provided <br />by the Owner. <br />