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` <br />SPECIFICATIONS ' <br />- <br />GENERAL <br />.. <br />�w\ <br />� <br />l^ <br />FORM OF PROPOSAL AND CONTRACT <br />' <br />P� a1s to furnish the material called for moo�'.be <br />� <br />s-8�itted on the form Included heLewitb, itemized on <br />therpi6 speoif'sd^ Acceptance of the Proposal by the <br />City Council shall constitute a contract by and between � <br />the.C1ty of Mounds View and the bidder. <br />� <br />�^ <br />BIDDER'S <br />A certifibd check or bidder's bond in the amount of five <br />^ <br />percent (5%) of the bid shall accompany the proposal. <br />The chant' or bidder's bond shall be made out <br />unconditionally to the City of Mounds View, Hinneaotn' <br />and will be forfeited as damages to�,Lbe City if the S' <br />0idUer does not deliver in *ucordacp with tho` terms o� f <br />the Proposal. �aid check, or bond willb* �e�o�oed tn�. <br />the successful bidder upon satisfactory delivery as . <br />stated in the Proposal.. Cbenba or bonds of the . <br />uosunr-3onful bidders will be returned immediately after. <br />the Council accepts the proposals of the successful <br />bidder. � <br />3^ <br />Payment will be made to the Vendor, after l) the City <br />Council has accepted and approved the material items d <br />2) upon submission of a bill, or invnice/ prioed in <br />accordance with the Propooal, <br />4. RIGHT TO HOLD AND REJECT BIDS <br />The City reserves the right to hold all bids for a por1nU ` <br />of thirty []U/ days from the date set for opening <br />thereof, before acting thereon; likewise, the City <br />reserves the right to reject any or all bids, and also to � <br />waive informalities. <br />5^ TAX EXEMPTION CERTIFICATE. <br />The City will execute a Federal Tax Exemption Certificate <br />.where applicable. �v <br />6^ MATERIALS AND EQUIPMENT� <br />. , <br />The materials used in the construction of the apparatus <br />shall be of the highest quality free from all defects `\ <br />which would cause any unsightly or unporlemao1Ibc <br />appearance. All material shall be suitable for the <br />services which they are to perform and the conditions and <br />stresses to which they will be normally subject. -, <br />� <br />Page 1 of 9 � <br />