02-11-1985 Council Packet - Laserfiche WebLink

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The final amount of the. contras> Ahall he determined by ultiplying the final measured gtiantitles of the various ict'.nA actually constr_ ted and installed by the Unit prices Stated therefor, in the manner prescr:i'.!d in the spe.cifics— tions. However, the low hidder shall he determined by adding the sump result- ing from multiplving the gUAntitles stated by the unit prices bid therefor. Accompanying this hid is a bidders band, c..:rtified check or cash deposit in the amount of _ _ ___ DOLLARS _ CENTS f$ _ } which is at least five per-I_ent_ -(') of the amount of my our bid made payable to the City of Orono, Minnesota, and the same is subject to forfeiture in the event of defaeilt on the part of the undersigned nr failure on the part of the un ersigned to execute the prescribed contract. and bond within fifteen (15) days after its submittal to me/us. In submitting this hid it is understood that the Owner retains the right to reject any and all bids and to waive irregularities and informalities therein and to award the contract to the best interests of the Owner. In s�ibmitting this bid it is understood that payment will be by cash or check. It iq understood that bids may not be withdrawn for a period of 60 days after the date and time set for the opening of bids. It is understood hat the Owner reserves the right to retain the certified check or bond of the three lowest bidders as determined by the Owner for a period not to exceod 60 days after the elate set f-r the opening of bias. r Respectfully submitted, V' (A Corporation` (An Individual) Name �f iti�.9er rA Partoershipl Pv Title M Printed Name of Signer _ M Address �i City, State 6 lip Code Telephone No.