The Owner reserves the right to reject any bid if evidence submitted by, or investigation of, any bidder fails to satisfy the Owner that the Bidder is properly qualified to carry out the obligations of the contract to complete the work contemplated. The general scope of the work includes constructing the following work described on each of the following Drawings and related details and Specifications in the Steps indicated. Any changes to the project resulting from this conference will be issued in a written addendum to the solicitation. Bid Bond or Guarantee: Each bid shall be accompanied by a bid bond or guarantee of five percent (5%) of the amount of the bid, which shall be a certified check, cash escrow or a bid bond payable to the Remington Community Partnership, Town of Remington. The sureties of all bonds shall be of such surety company or companies as are approved by the state Corporation commission authorized to transact business in the Commonwealth of Virginia. Such bid bond or check shall be submitted with the understanding that it shall guarantee that the bidder will not withdraw such bid during the period of ninety (90) days following the opening of bids; that if such bid is accepted, the bidder will accept and perform under the terms of the Invitation for Bid and purchase order or contract. The bid guarantee will be returned upon award of contract. Power-of-attorney is required for all bond signatures. Liquidated Damages: It is hereby understood and agreed by the bidder that time is of the essence in the delivery of supplies, services, materials, or equipment of the character and quality specified in the bid document. In the event these specified supplies, services, materials, or equipment are not delivered by the date specified, there will be deducted, not as a penalty but as liquidated damages, the sum of $250.00 per day for each and every calendar day of delay beyond the time specified; except that if the delivery be delayed by any act, negligence, or default on the part of the Owner, public enemy, war, embargo, fire, or explosion not caused by the negligence or intentional act of the contractor or his supplier(s), or by riot, sabotage, or labor trouble that results from a cause or causes entirely beyond the control or fault of the contractor or his supplier(s), a reasonable extension of time as the procuring public body deems appropriate may be granted. Upon receipt of a written request and justification for an extension from the contractor, the purchasing office may extend the time for performance of the contract or delivery of goods herein specified at the purchasing office's sole discretion of good cause shown. Time for Completion: The Contractor shall commence work under the contract within thirty (30) calendar days of the date of "Notice to Proceed" and shall fully complete the project within one hundred eighty (180) calendar days from the specified "Notice to Proceed" date. The Department believes that these services support 12% DBE participation.