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Contract based on the "Base Bid" alone or the "Base Bid" plus one or more, and in any combination, of the various "Additive Bid" (if any) items based upon the availability of revenue. All bids will be compared on the basis of the Engineer's Estimate of quantities of work to be done. (j) Execution of Contract: The Contract agreement shall be signed by the successful bidder and returned together with the contract bonds and proof of required insurance within ten (10) calendar days after the bidder has received written "Notice of Award" that the Contract has been awarded. Failure to return said Contract agreement, contract bonds and proof of required insurance within ten (10) calendar days may be considered breach of Contract. No bid shall be considered binding Ripon the City until the execution of the Contract is fully executed by all parties to the Contract. L In the event that a bidder breaches the contract by failing to execute a Contract and file acceptable bonds and insurance as provided herein within ten (10) calendar days, after the bidder has received "Notice of Award" that the Contract has been awarded, the proposal guaranty shall be forfeited to the City. Upon the full execution of the Contract agreement, written "Notice-to Proceed" will be issued by the City. (k) Return of Bidder's Guarantees: Fifteen (15) days after the award of the contract, the City Clerk will, upon request, return the bid guarantees accompanying each of the bids which are not to be considered in making the award. All other bid guarantees will be held until the contract has been finally executed, after which they will be returned to the respective bidders whose proposals they accompany. (1) Proiect Schedule and Order of Work: The Contractor shall submit, to the City Engineer, a practicable progress schedule within ten (10) calendar days of the written "Notice to Proceed", and within five (5) calendar days of the Engineer's written request at any other time. The schedule shall show the order in which the Contractor proposes to carry out the work, the dates on which he will start the several salient features of the work (including procurement of materials, plant and equipment), and the contemplated date for completing the said salient features. As provided in Section 5-1.05 of the State Standard Specifications, "Order of Work", the Contractor is advised that the Engineer may further direct by areas on the site(s), the order of installation of each major item of work so that succeeding major items of work may have timely ;and simultaneous access and that failure to comply with directions of the Engineer concerning the order of work may be cause for damages should work under the same be delayed. {m) Time of Completion and Li uidated Damages: The Contractor shall begin work within fifteen (15) Y calendar days after receiving "Notice to Proceed" and shall diligently prosecute all work to completion IE as specified before the expiration of One Hundred Twenty (120) CALENDAR DAYS ` from the date of receipt of the "Notice to Proceed" from the City. This project is tentatively scheduled to be awarded at the May 16, 2000, City Council meeting, and the "Notice to Proceed" is anticipated to be issued on or around June 1, 2000. In case of failure on the part of the Contractor to complete the work, the Contractor shall pay the City in liquidated damages the sum of Five Hundred dollars ($500.00) for each calendar day beyond the day specified until the project is completed. The Contractor will be given credit for inclement weather delays, as provided for in the State Standard Specifications. '(n) Project Estimate: The Engineer's Estimate will not be released until the bids are publicly opened. DIVISION 1-5 General Requirements Ik•