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' <br /> SECTION 3 ' <br /> AWARD AND EXECUTION OF CONTRACT PROGRESS & ' <br /> COMPLETION OF WORK <br /> 3.1 AWARD OF CONTRACT ' <br /> When the lowest responsive Proposal of the lowest respansible bidder is accepted and within the ' <br /> time limit established in the Advertisement for Bids, the Owner will send him the necessary <br /> Contract Documents and a Notice that the contract has been awarded to him, subject to the <br /> furnishing of a Performance and Payment Bond, where ;equired. ' <br /> 3.2 EXECUTION OF AGREEMENT <br /> The lowest responsible bidder shall,within 15 days after receiving the Notice of Award and Contract ' <br /> Documents, sign the Agreement contained in the Contract Documents and return the signed <br /> Agreement and such Bonds and Insurance forms as the successful Bidder may be required to furnish ' <br /> to the Owner. <br /> 3.3 FAILURE TO EXECUTE AGREEMENT � <br /> Upon the failure of the lowest responsible bidder to furnish an acceptable Bond, where required, or <br /> to execute the Agreement within the time above speci�ed, the Owner may have the option to annul � <br /> the award and retain the Bid Security accompanying the Bid as liquidated damages and not as a - <br /> penalty. This sha11 not be the sole remedy of the Owner but upon default by the Bidder the Owner , <br /> may adopt any legal remedy which it may see fit to adopt. <br /> 3.4 RETURN OF BID SECURITY ' <br /> All Bid Securities, except that of the lowest responsible bidder, will be returned witinin 45 days after <br /> the date of the opening of Proposals unless stated otherwise in the Special Provisions. The Bi�' ' <br /> Security of the lowest responsible bidder will be returned upon receipt of the properly execuYed <br /> Agreement and Bond. <br /> 3.5 NOTICE TO PROCEED ' <br /> The date of commencement of the Work is the date set forth in the Notice to Proceed. Thereupon, � <br /> the Contractor shall begin and shall prosecute the Work regularly and without interruption, unless <br /> otherwise directed in writing by the Owner, with such manpower and equipr:lent as is necessary to <br /> complete the Work within the time stated in the Contract Uocuments. ' <br /> ' <br /> ' <br /> GeneraUS pecs/Condtns.�en <br /> O t996 Bonestroo,Roset�r, ' <br /> Anderlik&Associates,inc. - g - <br />