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<br />The final amount of the contract shall be detennined by multiplying the final measured quantities of the various items <br />actually constructed and installed by the unit prices therefor, in the manner prescribed in the specifications. However, <br />the low bidder shall be detennined by adding the sums resulting from multiplying the quantities stated by the unit <br />prices bid therefor. <br /> <br />Accompanying this bid is a bidder's bond, certified check, or cash deposit in the amount of <br />$ ,which is at least five percent (5%) of the amount of my/our bid made payable to the <br />Owner, and the same is subject to forfeiture in the event of default on the part of the undersigned or failure on the part <br />of the undersigned to execute the prescribed contract and bond within fifteen (15) days after its submittal to me/us. <br /> <br />In submitting this bid, it is understood that the Owner retains the right to reject any and all bids and to waive <br />irregularities and infonnation therein and to award the contract to the best interests of the Owner. <br /> <br />In submitting this bid, it is understood that payment will be by cash or check. <br /> <br />It is understood that bids may not be withdrawn for a period of 45 days after the date and time set for the opening <br />of bids. It is understood that the Owner reserves the right to retain the certified check or bond on the three <br />lowest bidders as determined by the Owner for a period not to exceed 45 days after the date set for the opening <br />of bids. <br /> <br />Respectfully submitted, <br /> <br />Name <br /> <br />(A Corporation) <br />(An Individual) <br />(A Partnership) <br /> <br />Signer <br /> <br />Title <br /> <br />Printed Name of Signer <br /> <br />61601121BIDFOR.1\1 <br /> <br />P-2 <br />