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INSTRUCTION TO BIDDERS <br /> Bidders are required to submit their bids in accordance with the following conditions: • <br /> PROPOSAL <br /> The bidder shall submit his proposal on forms as furnished in these specifications. <br /> Only proposals which are submitted on the original form attached hereto will be <br /> considered. <br /> The City reserves the right to reject any or all proposals and to waive irregularities <br /> and informalities therein and further reserves the right to award the contract in its <br /> best interests. The bidder may view past copies of the newsletter upon request. <br /> BID SECURITY <br /> No proposals shall be considered unless accompanied by a cash deposit and/or <br /> certified check in the amount of five percent (5%) of the tendered bid. All forms of <br /> bid guarantee shall be made payable to the City of Mounds View. <br /> The bid guarantees of unsuccessful bidders will be returned following action by the <br /> City on the award of the contract, and to the successful bidder upon execution of <br /> the contract. In case the successful bidder fails to execute such contract within ten • <br /> (10) days after the date of the award, the amount of his bid guarantee shall be <br /> forfeited to the City of Mounds View as liquidated damages. <br /> NET BID <br /> Net bid shall be for furnishing the units as specified. <br /> DELIVERY <br /> The number of days to complete publication will be a determining factor in making <br /> the award. <br /> PAYMENT <br /> Payment in full, for the publication received, shall be made by the City within thirty <br /> (30) days of the completion of each of the six publications, acceptance by the City <br /> and receipt of itemized billing from the vendor. Billing shall be made on a per page <br /> cost. <br /> • <br />