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Just after taking into account conformity Using the requirements, conditions of delivery, along with other circumstances imposed during the demand bids, each individual this sort of agreement for which a call for bids has been issued have to be awarded to the bottom accountable bidder, be duly executed in writing, and become in any other case conditioned as demanded by law. The individual to whom the contract is awarded shall give a ample bond into the board for its devoted overall performance. Notwithstanding part 574.26 or almost every other regulation on the contrary, on the agreement restricted to the acquisition of a finished tangible item, a board may perhaps need, at its discretion, a efficiency bond of the contractor in the amount the board considers necessary. A report must be kept of all bids, with names of bidders and number of bids, and With all the thriving bid indicated thereon. A bid made up of an alteration or erasure of any cost contained from the bid which can be used in deciding the lowest liable bid has to be rejected unless the alteration or erasure is corrected as offered Within this part. An alteration or erasure may very well be crossed out and the correction 123b thereof printed in ink or typewritten adjacent thereto and initialed in ink by the person signing the bid. In the case of similar small bids from two or more bidders, the board may, at its discretion, use negotiated procurement methods While using the tied low bidders for that individual transaction, so long as the value compensated won't exceed the lower tied bid selling price.