Agenda - Council - 05/27/1997 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I I o o GENERAL SPECIFICATIONS FOR ONE (1) SKID STEER LOADER FORM OF PROPOSAL AND CONTRACT Proposals to furnish the equipment specified must be submitted on the forms included herewith, itemized as therein provided for. Acceptance of the proposal by the City Council shall constitute a contract by and between the City and the Bidder. Contract documents include the Notice and Instructions to Bidder, the Proposal Form, these General Specifications, and the Specifications for the Loader. BASIS OF AWARD The contract may be awarded to the lowest qualified bidder, or in the best interest of the city. BEDDERS SECURITY A certified check, money order, or bid bond in the amount of 5% of the bid shall accompany the proposal. The same shall be made out unconditionally to the City of Ramsey, Minnesota, and in accordance with the terms of the proposal. Said check, money order or bid bond will be returned to the successful bidder upon satisfactory delivery and acceptance as stated in the proposal. Checks, money orders or bid bonds of the unsuccessful bidders will be returned immediately after award to the successful bidder. PAYMENT Payment will be made to the Vendor after: a. Acceptance and approval by the City of the equipment delivered; and bo Upon approval by the City Council of the bill, or invoice, priced in accordance with the proposal. RIGHT TO HOLD AND REJECT BIDS The City reserves the fight to hold any bids for the period of thirty (30) days from the date set for the opening thereof, before acting thereon. The City reserves the fight to reject any or all bids, and also to waive informalities. TAX EXEMPTION CERTIFICATE The City will execute a Federal and State tax exemption certificate where applicable.