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DocuSign Envelope ID: B75E8AA0-ADE3-4E77-B32C-2134D9CAA555 <br /> § 4.2.3 If a surety bond is required as bid security,it shall be written on A[A Document A3 IOTM,Bid Bond,unless <br /> otherwise provided in the Bidding Documents.The attorney-in-fact who executes the bond on behalf of the surety shall <br /> affix to the bond a certified and current copy of an acceptable power of attorney.The Bidder shall provide surety bonds <br /> from a company or companies lawfully anthorized to issue surety bonds in the jurisdiction where the Project is located. <br /> § 4.2.4 The Owner will have the right to retain the bid security of Bidders to whom an award is being considered until(a) <br /> the Contract has been executed and bands,if required,have been furnished;(b)the specified time has elapsed so that Bids <br /> may he withdrawn;or(c)all Bids have been rejected.However,if no Contract has been awarded or a Bidder has not been <br /> notified of the acceptance of its Bid,a Bidder may,beginning days after the opening of Bids,withdraw its Bid and request <br /> the return of its bid security. <br /> § 4,3 Submission of Bids <br /> § 4.3.1 A Bidder shall submit its Bid as indicated below: <br /> (Indicate how,such as by website, host silelpla�form,paper copy, or other method Bidders shall submit their Bid) <br /> See Bid Manual <br /> § 4.3.2 Paper copies of the Bid,the bid security,and any other documents required to be submitted with the Bid shall be <br /> enclosed in a sealed opaque envelope.The envelope shall be addressed to the party receiving the Bids and shall be <br /> identified with the Project name,the Bidder's name and address,and,if applicable,the designated portion of the Work for <br /> which the Bid is submitted.I f the Bid is sent by mail,the sealed envelope shall be enclosed in a separate mailing envelope <br /> with the notation "SEALED BID ENCLOSED"on the face thereof. <br /> § 4.3.3 Bids shall be submitted by the date and time and at the place indicated in the invitation to bid.Bids submitted after <br /> the date and time for receipt of Bids,or at an incorrect place,will not be accepted. <br /> § 4.3.4 The Bidder shall assume full responsibility for timely delivery at the location designated for receipt of Bids. <br /> § 4.3.5 A Bid submitted by any method other than as provided in this Section 4.3 will not be accepted. <br /> § 4.4 Modification or Withdrawal of Bid <br /> § 4.4.1 Prior to the date and time designated for receipt of Bids,a Bidder may submit a new Bid to replace a Bid <br /> previously submitted,or withdraw its Bid entirely,by notice to the party designated to receive the Bids.Such notice shall <br /> be received and duly recorded by the receiving party on or before the date and time set for receipt of Bids.The receiving <br /> party shall verify that replaced or withdrawn Bids are removed from the other submitted Bids and not considered.Notice <br /> of submission of a replacement Bid or withdrawal of a Bid shall be worded so as not to reveal the amount of the original <br /> B id. <br /> § 4.4.2 Withdrawn Bids may be resubmitted up to the date and time designated for the receipt of Bids in the same format <br /> as that established in Section 4.3,provided they fully conform with these Instructions to Bidders.Bid security shall be in <br /> an amount sufficient for the Bid as resubmitted. <br /> § 4.4.3 After the date and time designated for receipt of Bids,a Bidder who discovers that it made a clerical error in its Bid <br /> shall notify the Architect of such error within two days,or pursuant to a time frame specified by the law of the jurisdiction <br /> where the Project is located,requesting withdrawal of its Bid. Upon providing evidence of such error to the reasonable <br /> satisfaction of the Architect,the Bid shall be withdrawn and not resubmitted.If a Bid is withdrawn pursuant to this Section <br /> 4.4.3,the bid security will be attended to as follows: <br /> (Vate the terms and conditions, such as Bid rank for returning or retaining the bid security.) <br /> NIA <br /> ARTICLE 5 CONSIDERATION OF BIDS <br /> § 5.1 Opening of Bids <br /> If stipulated in an advertisement or invitation to bid,or when otherwise required by law,Bids properly identified and received <br /> within the specified time limits will be publicly opened and read aloud.A summary of the Bids may be made available to <br /> Bidders. <br /> AIA Document A701"—2018.Copyright 1970.1974,1978,1987,1997 and 2018 by The American Institute of Architects.All rights reserved.The'American <br /> Institute of Architects,""AIA,"the Ai Logo,and"AIA Contract Documents are registered trademarks and may not be used without permission.This document was <br /> produced by AIA software at 17-27:45 ET on 0 711 6/2 0 20 under Order No.9456894860 which expires on 0 71091202 1,is not for resale,is licensed for one-time use <br /> only,and may only be used in accordance with the AIA Contract DocumentsO Terms of Service.To report copyright violations,e-mail copyright@aia.org. <br /> User Notes: (1383164016) <br />