![]() ![]() The Grand Total Bid Price is the sum of the 36-month Total Bid Prices for all properties to include gate guard, roving patrol, special events, and administrative and/or judicial hearing hours as solicited. The City reserves its rights to reject or accept bids based on discrepancies between the stated Grand Total Bid Price and the actual mathematical total of the base contract bid items, plus specified alternates.3-1.02 REJECTION OF IRREGULAR PROPOSALS. However, the City reserves the right to (1) not award any alternates or (2) award any combination of alternates.In case of discrepancy between the total of the base contract items and any specified alternates and the stated Grand Total Bid Price, the total of the base contract items plus specified alternates shall prevail. Should the actual contract value exceed the Grand Total Bid Price during the contract term, the Payment Bond shall be increased in an amount not less than 100% of the increased value. This list and information shall include all subcontractors that will perform work, provide labor or render services to the Bidder in connection with the project in an amount in excess of one-half of one percent of the total amount of Bidder's Grand Total Bid Price.įollowing the expansion of the container yard and the completion of a new jetty, the capacity may increase to about 30,000 TEUs judging from the size of container terminal. Performance Bond, in an amount not less than 100% of the Grand Total Bid Price, to secure faithful performance of the Contract, including, but not limited to, the warranty obligations following acceptance of the work by District. The apparent low bidder will be determined on the basis of the Grand Total Bid Price. In case of discrepancy between lump sum or unit prices and the Grand Total Bid Price, unit prices shall prevail. Examples of Grand Total Bid Price in a sentence ![]()
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