Common use of FAILURE TO EXECUTE CONTRACT Clause in Contracts

FAILURE TO EXECUTE CONTRACT. Failure to return the insurance certification and bond with the signed Contract as required in Section 1-03.3, or failure to provide Disadvantaged, Minority or Women’s Business Enterprise information if required in the Contract, or failure or refusal to sign the Contract shall result in forfeiture of the proposal bond or deposit of this Bidder. If this should occur, the Contracting Agency may then Award the Contract to the second lowest responsible Bidder or reject all remaining Bids. If the second lowest responsible Bidder fails to return the required documents as stated above within the time provided after Award, the Contract may then be Awarded successively in a like manner to the remaining lowest responsible Bidders until the above requirements are met or the remaining Proposals are rejected.

FAILURE TO EXECUTE CONTRACT. Failure to return the insurance certification and bond with the signed Contract contract as required in Section 1-03.3, or failure to provide Disadvantaged, Minority or Women’s Business Enterprise information if required in the Contractcontract, or failure or refusal to sign the Contract contract shall result in forfeiture of the proposal bond or deposit of this Bidderbidder. If this should occur, the Contracting Agency may then Award award the Contract contract to the second lowest responsible Bidder bidder or reject all remaining Bidsbids. If the second lowest responsible Bidder bidder fails to return the required documents as stated above within the time provided after Awardaward, the Contract contract may then be Awarded awarded successively in a like manner to the remaining lowest responsible Bidders bidders until the above requirements are met or the remaining Proposals proposals are rejected.