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payment pond, in the above amounts to cover the period of extension <br />or renewal. <br />9.19. Conflict of Interest <br />Contractor agrees that no member, officer, or employee of the City <br />shall have any interest, direct or indirect, in the executed contract or <br />the proceeds thereof. Violation of this provision shall cause the <br />executed contract to be null and void and the Contractor will forfeit <br />any payments to be made under the executed Contract. <br />9.20. Entire Contract <br />The executed contract supersedes all verbal agreements and <br />negotiations between the parties relating to the subject matter hereof <br />as well as any previous agreements presently in effect between the <br />parties relating to the subject matter hereof. Any alterations, <br />amendments, deletions, or waivers of the provisions of the executed <br />contract shall be valid only when expressed in writing and duly <br />signed by the parties, unless otherwise provided herein. <br />9.21. Contract Conditions <br />a) The City reserves the right to waive minor irregularities in the <br />proposal documents and to reject any or all proposals. The City <br />reserves the right to enter into a contract with a contractor who <br />does not submit the lowest cost proposal. <br />b) The Bond and Certificate of Insurance shall be provided when <br />the contract is executed. <br />c) No proposal can be withdrawn after three (3) days after the date <br />for submission of proposals. <br />d) The Contractor shall review and return signed copies of the <br />contract within 30 days of receipt of the contract. <br />10. SUBMITTING PROPOSALS <br />10.01. Proposals Mav Be Reiected in Whole or Part <br />The City of Roseville reserves the right, at its sole discretion, to: <br />• Reject any or all proposals; <br />• Reject parts of proposals; <br />• Negotiate modifications of proposals submitted; <br />43 <br />