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AWARD AND EXECUTION OF CONTRACT <br />General <br />Award and execution of Contract shall be in accordance with "Award and Execution of <br />Contract" set forth under Section 3 of the Standard Specifications of the State of <br />California except as modified herein. <br />Award of Contract <br />The City reserves the right to reject for any reason any or all Bid Proposals. <br />No Bidder shall modify, withdraw or cancel a Bid Proposal or any part thereof for ninety <br />(90) calendar days after the time designated for the opening of Bids in the "Notice to <br />Bidders." Within this time period of ninety (90) days and if the City so chooses, the <br />Contract shall be awarded to the lowest responsible Bidder. <br />In accordance with the provisions of California Business & Professions Code Section <br />7028.5, the City has determined that at the time that a bid is submitted, the bidder shall <br />possess a valid Class A General Engineering Contractor or C-13 Fencing Contractor <br />license. Failure to possess the specified license shall render the bid as non-responsive <br />and shall act to bar award of the Contract to any Bidder not possessing said license at the <br />time of bid. <br />Execution of Contract <br />Within ten (10) working days, not including Saturday, Sundays and legal holidays, after <br />date of postage of mailed notice of award to the lowest responsible Bidder, the following <br />documents shall be submitted to the City. <br />• Executed contract <br />• Contract bonds as required by the forms contained herein including: <br />0 Faithful Performance Bond for 100% of contract price <br />0 Labor and Material Bond for 100% of contract price <br />0 Maintenance Bond for 10% of contract price <br />• Certificates of insurance <br />• Evidence of a current business license to conduct business in the City of <br />Pleasanton <br />Failure to submit the above shall be just cause for forfeiture of the Bid Proposal security. <br />Valley Avenue Soundwall Repair Project (REBID), CIP No. 18437 <br />Page 21 <br />