Bid Opening and Award. In the case of any Competitive Bid or Solicitation Process, Developer shall provide City with a copy of the tabulation of competitive bid results with respect to each contract and subcontract, as applicable. In the event that the best qualified General Contractor’s bid or Subcontractor’s bid, as applicable, combined with a reasonable amount for contingencies, exceeds the Estimated Cost, the increase in the costs may be approved by the City Manager pursuant to Section 4.2.2 prior to awarding the prime contract or the subcontract, as applicable. In the event the City Manager does not approve the increased cost, this Agreement, at the City’s option but subject to the next sentence, may be terminated upon prior written notice thereof to Developer of not less than twenty
Bid Opening and Award. In the case of any Competitive Bid or Solicitation Process for the Developer’s Phase 1A Infrastructure Improvements, Developer shall provide the Authority with a copy of the tabulation of competitive bid results with respect to each contract and subcontract, as applicable. Developer shall provide the Authority with copies of all executed contracts awarded in accordance with this Section 6.6 and Developer shall certify in writing to the Authority that such contracts were awarded in accordance with the process described in Exhibit G-1 hereto, subject to such waivers as have been approved by the Authority in accordance with the Authority Procurement Policy and Authority Resolution 2020-002. A list of the subcontracts awarded for the Developer’s Phase 1A Infrastructure Improvements prior to the Effective Date is set forth in Exhibit G-2. Developer hereby certifies to the Public Entities that the subcontracts listed in Exhibit G-2 were bid and awarded in accordance with the process described in Exhibit G-1 hereto, subject to such waivers as have been approved by the Authority under the Authority Procurement Policy and Authority Resolution 2020-002.
