Common use of FAILURE TO EXECUTE CONTRACT Clause in Contracts

FAILURE TO EXECUTE CONTRACT. A. Within ten (10) business days of the receipt of a notice of award, the bidder to whom the contract is awarded shall deliver the specified insurance certificates to the City. B. If such bidder fails or refuses to furnish the required insurance within ten (10) business days after receiving notice from Purchasing to file such, Purchasing may, at its option, determine that this bidder has abandoned their bid. Thereupon, the tentative award of said contract to this bidder shall be canceled. The foregoing in no way limits the damages which are recoverable by City whether or not defined elsewhere in the contract documents.

FAILURE TO EXECUTE CONTRACT. A. Within ten (10) business days of the receipt of a notice of award, the bidder to whom the contract is awarded shall deliver the specified insurance certificates to the City. B. If such bidder bidders fails or refuses to furnish the required insurance within ten (10) business days after receiving notice from Purchasing to file such, Purchasing may, at its option, determine that this bidder has abandoned their its bid. Thereupon, Thereupon the tentative award of said contract to this bidder shall be canceledcancelled. The foregoing in no way limits the damages which are recoverable by the City whether or not defined elsewhere in the contract documents.