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Batesville Public Works Facility ETC Project Number 2106601MATE Batesville, Arkansas b. If at the time this contract is to be awarded, the lowest base bid submitted by a responsible bidder does not exceed the amount of funds available to finance the contract, the contract will be awarded on the base bid only. If such bid exceeds such amount, the owner may reject all bids or accept one or more deductive bid alternates to determine the lowest base bid. c. That if awarded the Contract, the undersigned will enter into an Agreement, on a form identical to the form included in the Contract Documents and execute required performance and payment bonds within Seven (7) days after receipt of the Intent to Award, will commence work within 10 (10) days after the date of the Notice to Proceed, and will complete the Contract fully within Two Hundred Seventy (270) consecutive calendar days for thereafter. Should the undersigned fail to fully complete the work within the above stated time, he shall pay the Owner as fixed, agreed and liquidated damages and not as a penalty, the sum of Two Hundred Fifty Dollars 250.00 for each calendar day of delay until the work is completed or accepted. d. The undersigned further agrees that the bid security payable to Owner and accompanying this proposal shall become the property of the Owner as liquidated damages if the undersigned fails to execute the Contract or to deliver the required bonds to the Owner within Seven days from receipt of the Intent to Award as these acts constitute a breach of the Contractor's duties. e. That this bid may not be withdrawn for a period of 60 days after the bid opening. f. The undersigned understands that the Owners intent is to construct all facilities proposed within the limits established by the funds appropriated for the project. g. Bids submitted by a Joint Venture/Joint Adventure shall be signed by representatives of each component part of the Joint Venture. The licenses of each component part of the Joint Venture shall also be listed in the bid submittal. Therefore, joint venture bidders shall indicate at least two (2)signatures and two (2) licenses numbers on the Bid Form. Exception: Joint Ventures who have been properly licensed with the Arkansas Contractors Licensing Board as a Joint Venture need only to indicate the joint venture license number on the Bid Form. Joint Venture Bidders shall indicate at least two (2) signatures on the bid form even if they are licensed as a joint venture. 5. The following documents are attached to and made a condition of this Bid. a. Bid security. 6. The undersigned acknowledges receipt of and inclusion as a part of the Contract Documents the following addenda: No One Dated August 15, 2022 No. Two Dated August 17, 2022 No. Dated 00005-2