In general, the Work included in the Project includes the labor, materials, tools, and equipment required to cut and remove trees within Roosevelt Park as mark on the plans or as indicated by the Engineer. Each bid must be accompanied by a separate envelope containing the contractor's license and bid security. The bid security must be in a sum equal to five percent (5%) of the full amount of the Bid and must be in the form of a bidder's bond. A bidder's bond must be executed by the bidder as principal and by a surety, conditioned that if the principal's bid is accepted and the contract awarded to the principal, the principal, within ten days after notice of the award, shall execute a contract in accordance with the terms of the Bid and the bid bond and any condition of the governing body. A countersignature of a bid bond is not required. If a successful bidder does not execute a contract within the ten days allowed, the bidder's bond must be forfeited to the governing body and the project awarded to the next lowest responsible bidder. The bidder must be licensed for the full amount of the bid as required by Section 43-07-12 of the North Dakota Century Code. The Bidder's Contractor's License or Contractor's License Should the Contractor fail to complete its obligations under the Contract within the time required herein or within such extra time as may have been granted by formal extensions of time approved by the Owner, there will be deducted from any amount due to the Contractor the sum of $2,500.00 per day (with no suspension for winter work) for each and every calendar day that the substantial or final completion of the Work is delayed. The Owner reserves the right to hold all bids for 45 days, to reject any or all Bids and to waive any informality or irregularity in any Bid and to accept the Bid deemed in the best interest of the Owner. The Owner reserves the right to rebid the project until a satisfactory Bid is received. ***Document Note Copies of the documents are available for viewing at the following locations during normal business hours, Monday through Friday, excluding holidays: Barr Engineering Co.: 234 West Century Avenue, Bismarck, ND Ackerman-Estvold Engineering: 1907 17th Street SE, Minot, ND The Work shall be substantially complete by April 1, 2024. All Work shall be complete and ready for final payment in accordance with the General Conditions by April 12, 2024.