Division 100 — Section 103
100-21 Section 103 — Award and Execution of Contracts
103.1 Consideration of Bid Proposals 1 After Bid Proposals are opened and read, the Department compares the Bid Proposals based on the summation of the extensions of the approximate quantities shown in the bid schedule multiplied by the unit bid prices. The results of the comparison are available to the public only after the Contract has been awarded. If a discrepancy exists between un it bid prices and extensions, the unit bid price governs. 2 The Department reserves the right to reject any or all Bid Proposals , to waive or modify technicalities, or to advertise for new bids, if the best interest of the Department is promoted thereby . 103.2 Award of a Contract 1 If awarded, the Contract will be awarded to the lowest responsible and qualified Bidder whose bid complies with all requirements prescribed. The award of the Contract will be made within 3 0 days after the opening of bid proposals unless otherwise specified in the Special Provisions. The successful Bidder is notified by letter to the address provided in prequalification that its bid has been accepted and that it has been awarded the Contract . An award is not made until all information required by the Department has been received from the Bidder, and the Bidder ’s responsibility has been established. 103.3 Cancellation of Award 1 The Department reserves the right to rescind or cancel the award of any Contract at any time before the execution of said Contract by all parties and without any liability against the Department. 103.4 Return of Proposal Guaranty 1 All Proposal guaranties are retained by the Department until the Contract is executed by the successful Bidder, after which all such Proposal guaranties are destroyed unless the guaranty form contains a note requesting that the guaranty be returned to the Bidder or the Surety. 103.5 Bond Requirements 1 Unless otherwise specified, provide the following bonds acceptable to the Department with the executed Contract: • Performance and Indemnity Bond from a surety or sureties satisfactory to the Department in the full amount (100%) of the Contract bid amount,