Bidding and Contact Negotiation Phase Sample Clauses

Bidding and Contact Negotiation Phase. The Property Manager shall be responsible for soliciting at least three competitive bids, unless the contract amount is less than $50,000. Each contractor should be thoroughly investigated by the Property Manager on the basis of general reputation, financial standing, past perfor­mance and experience and compliance with Owner's other criteria as may be established from time to time. The Property Manager shall be responsible for preparing, or cause to be prepared, bid specifications acceptable to Owner and distributing the following bidding documentation to the bidders: invitation to bid; instruction to bidders; bid form; bid bond (if any); construction contract; performance and payment bond requirements (if any); drawings and specifications (prepared by the design and/or engineering professional); and, any addenda issued prior to the receipt of bids. The Property Manager shall be responsible for conducting a pre-bid meeting at the project site, attended by all of the bidders and the design and/or engineering professional(s). The Property Manager shall supervise the bid process, responding to bidders' inquiries. The Property Manager shall be responsible for logging in and opening the bids and for preparing a summary sheet tabulating each of the bids received. The Property Manager shall be responsible for evaluating the bids and for making a recommendation regarding selection of a contractor The Property Manager shall be responsible for notifying the unsuccessful bidders of Owner's decision. The Property Manager shall either assist Owner in negotiating the construction contract with the selected contractor or at Owner's direction negotiate any construction or related documents with the selected bidder. The Property Manager shall see that any and all items that are a precondition to commencement of the Work are completed prior to the Work commencing. This could include governmental approvals, insurance, bonds, completed Documents and or funding.
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