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CAB~,RRUS COU,q TY INSTRUCTIO:iS TO BIDDERS 1. Bids will be opened at tile time and place shm.m On the enclosed Bid Proposal Form. Late bids will not be considered. 2. Bids will be examined promptly after opening ~nd an a~.lard made at tile earliest possible date. rio bids may be withdrawn, however, until 45 days after bid opening date. 3. BOND REQU[REHENTS: a. Bid Bond: All bids must be accompanied by a bid deposit. (,Note Carefetly) this deposit may take the form of cash, certified check, cashiers check, or bond, and must be in tile amount of at least 5% of the bid. The bond must be "executed by a corporate Suroty licensed under the taws of North Carolina to execute such bonds." (G,S. 143-129) The cash, cashiers check or certified check may be retained and deposited if the successful bidder fails to e~ter into proposed contract. The above bid deposit is required by State law and may not be modified. Bidders should therefore comply with this requirement, carefully and specifically. If a bid bond is used, the Surety must be a corporate Surety authorized to do business in ~orth Carolina. Bank money orders, u~certified checks, telegraphic money orders, etc. are not acceptable as bid deposits. Bid deposits of unsuccessful bidders will be returned as soon as the contract is awaYded. b. Performance Bond: The successful bidder must furnish a Performance Bond unless this requirement is waived by the Board in the specific case of supplies/equipment purchases. The Performance Bond must be in the full amount of the contract and guarantee the faithful performance of the contract in the form prescribed by the County. Tile bond shall be executed by a Surety company authorized to do business in North Carolina. In place of the bond, cash or a certified check in the full amount of the contract may be deposited. Such deposits shall be filed with the executed contract documents and made a part thereof, all within 15 days from date of awarding contract.