Township Council Meeting — Packet

BID SECURITY This Proposal is accompanied by bid security in accordance with the conditions stated in the Invitation to Bid. The bid security in the form of: A. Surety Bid Bond B. Certified/Treasurer's check C. Cash the amount of G___ i=”) payable to Township of West Orange The Bidder hereby agrees that if this Proposal shall be accepted by the Owner and the Bidder shall fail to execute and deliver the Contract and the required Performance Bond or other required documents in accordance with the requirements of this Proposal and other sections of the Contract Documents within the time specified, then the Bidder shall be deemed to have abandoned the Contract and thereupon the Proposal and acceptance shall be null and void and the security accompanying the Proposal shall be forfeited to and retained by the Owner, as liquidated damages for such failure or neglect, and to indemnify the Owner for any loss which may be sustained by failure of the Bidder to execute the Contract and furnish documents as aforesaid. In compliance with the Laws of the State the Bidder is: An Individual A Partnership A Corporation of having principal offices at P-24