The Department will retain the Proposal Guaranty as liquidated damages sustained, not as a penalty, if the lowest responsible Bidder fails to perform any of the following within the time specified in the Proposal Package:
(1)Sign the Contract documents
(2)Provide the required Contract Bonds
(3)Comply with any other requirements imposed as a condition pre cedent to the Contract
approval If the Department cancels the Award, the Department may choose any of the following actions:
(1)Award the Contract to the next lowest responsible Bidder
(2)Advertise for new Proposals
(3)Otherwise perform the Work as decided by the Department
Scope of Work
Failure to execute contract in other states
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Source: Minnesota Standard Specifications for Construction, 2025 Edition. Pages 46–0 of 1,081. View official source ↗