A certified Bid Tabulation will be produced and distributed as quickly as is practical following the bid opening.A five percent (5%) corporate Bid Bond or a certified check in the amount of five percent (5%) ofthe bid shall accompany all submitted bids on construction contracts that exceed $20,000.00 in accordance with ACA 22-9-203. Bidders must comply with all requirements of Contractors Licensing Laws of the State of Arkansas, Act 150 of 1965, as amended, and Arkansas Code 22-- 9-204 section 3.6(a). A Performance and Payment Bond, equal to the amount of the contract, and issued by a surety approved by the owner and authorized to do business in the State of Arkansas will be required of the successful bidder.Pursuant to Ark. Code Ann. 22-9-203, the Owner encourages all small, minority, and women business enterprises to submit bids for capital improvements. Encouragement is also made to all general contractors that in the event they subcontract portions of their work, consideration is given to the identified groups. The Owner reserves the right to reject any or all bids and to waive formalities. Proposals which fail to comply fully with any provision of the Plans, Specifications and other Contract Documents will be considered invalid and will not receive consideration.The bid may not be withdrawn for a period of forty-five (45) days subsequent to date of receipt of the bid without written consent of Owner. The Owner reserves the right to reject any or all bids and to waive formalities. Proposals which fail to comply fully with any provisions of the Specifications and other Contract Documents will be considered invalid and will not receive consideration. INTERPRETATIONS Questions regarding drawings and specifications should be addressed to the Architect. Where drawings and specifications are not clear or are incomplete with each other, clarifications will be made by addenda only, addressed to the Prime Bidders, the Owner, the listed in the "INVITATION TO BID" and Sub-bidders and Suppliers purchasing Drawings and Specifications. All addenda issued during the bidding period will be incorporated into the contract.