Scope of Work of the Contract Documents includes the following: New construction of playground, splash pad, pavilion, sidewalks, sitework, wet utilities, electrical, grading & drainage, landscape, & irrigation. Texas Government Code provides that any political subdivision of the State of Texas shall ascertain the general prevailing wage rate received by the classes of workers employed on projects similar to this Project and shall specify in the call for Bids and in the Contract Documents the minimum wage rates which must be paid for each type of worker. This statute further provides that the Contractor or subcontractors must pay, as penalty to Owner Sixty Dollars ($60.00) for each worker employed for each calendar day or part of the day that the worker is paid less than the wage rates stipulated in the Contract. Owner is authorized to withhold from the Contractor the amount of this penalty from any payment due under the Contract Documents. The Owner reserves the right to reject any or all Bids and to waive all defects and irregularities in bidding or bidding process except time of submitting a Bid. The Successful Bidder, if any, will be the responsible Bidder which in the Boards judgment will be most advantageous to the District and result in the best and most economical completion of the Project. Each Bid must be accompanied by a bid bond or a certified or cashier's check, acceptable to the Owner, in an amount not less than two (2) percent of the total amount bid (the Bid Security), as a guarantee that the successful bidder will enter into the Contract and execute the payment and performance bonds on the forms provided and provide the required insurance certificates within seven (7) days after the date Contract Documents are received by the successful bidder. Bid Securities will be returned to all but the three (3) most qualified, responsible bidders within three (3) days after opening of Bids, and the latter's Bid Securities will be returned after complete execution of the Contract Documents. If the successful bidder does not enter into the Contract after notice of award, then the bidder's Bid Security will be forfeited and will be retained by Owner. If the award of the Contract to the successful bidder is cancaled or not executed for any reason, the Owner may accept the next lowest bid and proceed with the next-lowest successful bidder. Certain taxes, licenses, fees, and other similar items are part of the cost of the Work, and it is bidder's responsibility to familiarize itself with these costs and to observe and comply with the Laws and Regulations relating to same. The prices, sums, rates, and other charges set forth in the bidders Bid must cover and include all such costs