Oak-0000000683 - WRC Randolph Drain Serenity Point Riverbank Stabilization

A. The Contract, if awarded, will be awarded to the lowest, responsive, and responsible bidder,
subject to the final approval by the Owner. The Contract will be awarded subject to receipt of
funds to finance the project and acquisition of easements, during which time the Bids of the lowest
three responsive, responsible Bidders will be held.

B. The party to whom the Contract is awarded will be required to execute the Agreement and obtain
the Performance Bond, Labor and Material Bond and Maintenance and Guarantee Bond and shall provide proofs of insurance coverage in accordance with the Contract Documents within ten (10) calendar days of the delivery date of the Notice of Award to the successful Bidder. The necessary Agreement and Bond forms shall accompany the Notice of Award. If the Contractor awarded the project fails to execute the Agreement, submit the Performance Bond, Labor and Material Bond and Maintenance and Guarantee Bond and provide proof of insurance coverage in accordance with the Contract Documents within ten (10) calendar days of the delivery date of the Notice of Award, Owner may declare the Contractor in default, in which case the Bid Bond accompanying the Bid will be forfeited to Owner.