Agenda Packets - 1986/04/07 - Laserfiche WebLink

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-3- 2. MROPOSAL REQUIREMENTS (continued) (7) The bidder shall specify in his bid a total monthly bid price per dwelling unit for which he agrees to perform the collection and disposal service herein specified and as provided in the contract, during the calendar month teginrinq on the effective date stipulated in the contract and endinq three (3) years from the date thereof. Adjustments to the total monthly bid price shall be made pursuart to Paragraph (n) of Section a herein. Surety Bid bond: Each bid must be accompanied by a bid bond, deposit or certified check, or bank cashier's check, drawn on a solvent bank, payable to the City of Mounds View, Minnesota in the amount of 51 of the total amount of the bid for the three year term of the contract as a guarantee that, if the bid is accepted, a contract will be entered into and the performance of the same properly secured. The City will determine the sufficiency of the surety. Bid bonds, checks or cash will be returned to bidders within a reasonable time when the Clerk -Administra- tor or his authorized representative determines the surety is no lonqer required. Rejection of Bids The City Council reserves the right to waive infor- malities, to reject any or all bids, or to accept an', bid which may oe deemed to be for the best interest of the City. withcrawal of Bids NO bid may be withdrawn after the scheduled time for opening of the bids. f. interpretation of Bid Document If any person contemplatiny submitting a bid is in doubt as to the true maa,,iny cf the Specifications, he may submit to the Clerk -Administrator a written request for interpretation thereof. Any interpre- tation of the proposed Specifications will be mad only by written addenda issued by the Clerk -Adminis- trator, and a copy of such addenda will be mailed to each person receiving a set of Specifications. The Clerk -Administrator will not be responsible for any ct cr cxPlsnations of the Specifications.