The FKAA reserves the right to reject all Proposals where the FKAA deems rejection to be in its best interest, or to reject any Proposal not in compliance with the Contract Documents. The FKAA reserves the right to waive any informalities and irregularities in said Proposals. Each proposal must be submitted on the prescribed form and accompanied by a copy of certified check or bid bond executed on the prescribed form, payable to the Florida Keys Aqueduct Authority, in an amount not less than 5 percent of the amount bid. A copy of the certified check must be attached to the bid proposal in e-builder. the current MIT must be completed before November 27, 2023. The FKAA reserves the right before awarding the Contract to require a Bidder to submit such evidence of his qualifications as it may deem necessary and may consider any evidence available to the FKAA of the financial, technical, and other qualifications and abilities of a Bidder. The Bidder must submit in letter form, with his Proposal, a statement of his qualifications to perform in a satisfactory manner, and within the time specified, and in fulfillment of all applicable provisions of the Contract Documents, all of the work to which his bid pertains. He must submit information as to the following Qualification Requirements: At any time prior to final completion of the contract, the FKAA shall not authorize or make payment to the Contractor in excess of ninety five percent (95%) of the amount due on the contract on the basis of the work suitably completed and material suitably stored on the site. In case of default by the Contractor, the Laborers, Materialmen, and Subcontractors, making claims for unpaid bills, will be paid from the five percent (5%) retainage, as defined in Florida Statutes section 255.078, on a pro rata basis as follows. In the event the Bidder is awarded the Contract and fails to complete the work within the time limit or extended time limit agreed upon for Substantial Completion as set forth in the Contract Documents, liquidated damages shall be paid to the FKAA at the rate of $1000.00 per calendar day for all work awarded under the Contract until the work has been substantially completed as provided by the Contract Documents. After Substantial Completion, if the Bidder fails to complete the work within the time limit or extended time limit agreed upon for Final Completion, liquidated damages shall be paid to the FKAA at the rate of $500.00 per calendar day until Final Completion of the project.